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Required information Problem 3-7A Complete the accounting cycle after adjusting entries (LO3-4, 3-5, 3-6, 3-7) [The following information applies to the questions displayed below.] Crimson Tide Music Academy offers lessons in playing a wide range of musical instruments. The unadjusted trial balance as of December 31,2021 , appears below. December 31 is the company's fiscal year-end. In addition, the company had the following year-end adjusting entries. 4. Prepare an income statement, statement of stockholders' equity, and classified balance sheet for the year ended December 31 , 2021. Complete this question by entering your answers in the tabs below. Prepare an income statement for the year ended December 31, 2021. Complete this question by entering your answers in the tabs below. Prepare a statement of shareholders' equity for the year ended December 31, 2021. Assume that no common stock is issued during the year. Complete this question by entering your answers in the tabs below. Prepare a classified balance sheet for the year ended December 31, 2021. (Amounts to be deducted should be indicated by a minus sign.) 5. Record closing entries. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Note: Enter debits before credits. Journal entry worksheet Record the entry to close the expense accounts. Note: Enter debits before credits. 7. Prepare a post-closing trial balance