1a. Prepare the income statement for the current year ended December 31. 1b. Prepare the statement of owner's equity for the current year ended December 31. 1c. Prepare the classified balance sheet at December 31 of the current year. 2. Prepare the necessary closing entries at December 31 of the current year.

Number Account Title 101 Cash 126 128 167 168 173 174 183 201 203 208 210 213 236 251 301 302 404 406 409 606 612 623 633 637 640 652 683 Supplies Prepaid insurance Equipment Accumulated depreciation-Equipment Building Accumulated depreciation-Building Land Accounts payable Interest payable Rent payable Wages payable TYBALT CONSTRUCTION Adjusted Trial Balance December 31 Property taxes payable. Unearned revenue Long-term notes payable 0. Tybalt, Capital O. Tybalt, Withdrawals Services revenue Rent revenue Interest revenue Depreciation expense-Building Depreciation expense-Equipment Wages expense Interest expense Insurance expense Rent expense Supplies expense Property taxes expense Totals Debit $ 7,000 32,500 8,700 50,000 156,000 71,760 10, 200 11,440 7,500 47,300 3,000 9,800 Credit $ 25,000 52,000 17,000 2,800 3,800 2,400 1,500 15,400 63,500 130,500 103,000 15,500 5,700 11,900 6,600 4,400 $ 438,100 $ 438,100 Oro Tybalt invested $7,000 cash in the business during the year. The O. Tybalt, Capital account balance was $123,500 on December 31 of the prior year. Required: 1a. Prepare the income statement for the current year ended December 31. 1b. Prepare the statement of owner's equity for the current year ended December 31. 1c. Prepare the classified balance sheet at December 31 of the current year. 2. Prepare the necessary closing entries at December 31 of the current year. Complete this question by entering your answers in the tabs below