please answer whole question both 8a and 8b

Required information (The following information applies to the questions displayed below.) The general ledger of Jackrabbit Rentals at January 1, 2021, includes the following account balances: Credits Debits $ 53,500 37,700 122,800 Accounts Cash Accounts Receivable Land Accounts Payable Notes Payable (due in 2 years) Common Stock Retained Earnings Totals 16,500 42.000 112.000 43,500 $214,000 $214,000 The following is a summary of the transactions for the year: 4. April 1. January 12 Provide services to customers on account, $74,400. 2. February 25 Provide services to customers for cash, $81,300. 3. March 19 Collect on accounts receivable, $46,900. 30 Issue shares of common stock in exchange for $42.000 cash. 16 Purchase supplies on account, $14,500. 6. July 7 Pay on accounts payable, $12,500. 7. September 30 Paysalaries for employee work in the current year, $76,200. 8. November 22 Pay advertising for the current year. $23.700. 9. December 30 Pay $4,100 cash dividends to stockholders. The following information is available for the adjusting entries. Accrued interest on the notes payable at year-end amounted to $3,700 and will be paid January 1, 2022. Accrued salaries at year-end amounted to $2,700 and will be paid on January 5, 2022. Supplies remaining on hand at the end of the year equal $3,500. 8-a. Prepare an income statement for the year ended December 31, 2021. JACKRABBIT RENTALS Income Statement For the Year Ended December 31, 2021 Expenses: Total expenses Required information 8-b. Prepare a classified balance sheet for the year ended December 31, 2021. JACKRABBIT RENTALS Balance Sheet December 31, 2021 Assets Liabilities Total Current Assets Total Current Liabilities Total liabilities Stockholders' Equity Total Stockholder's Equity Total Liabilities and Stockholders' Equity Total Assets