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Problem 3-7A (Algo) Complete the accounting cycle after adjusting entries (LO3-4, 3-5, 3-6, 3-7) Crimson Tide Music Academy offers lessons in playing a wide range of musical instruments. The unadjustod trial balance as of December 31,2024 , appears below. December 31 is the company's fiscal year-end. In addition, the company had the following year-end adjusting entries. Required: 1. 2, &6. Enter the unadjusted bolances from the trial balance and post the adjusting entries to the T-accounts, and post the closing entries to the T-accounts. 3. Prepare an adjusted trial balance. 4. Prepare an income statement, statement of stockholders' equity, and classified balance sheet for the year ended December 3t, 2024 . 5. Record closing entries. 7. Prepare a post-closing trial balance. CRIMSON TIDE MUSIC ACADEMY Prepare an income statement for the year ended December 31, 2024. Prepare a statement of shareholders' equity for the year ended December 31,2024 . Assume that no common stock is issued during the year, Prepare a classified balance sheet for the year ended December 31,2024. Record closing entries. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account lecid.) Journal entry worksheet Record the entry to close the revenue accounts. Record closing entries. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first ai field.) Journal entry worksheet Note: Enter debits before oredits