Question: Please help me with this two part question Based on the information above, prepare the Income Statement for Brea Corporation for December 31,2024. Transfer balances

Please help me with this two part question

Transfer balances of temporary accounts to Retain Note: Amounts to be deducted

Based on the information above, prepare the Income Statement for Brea Corporation for December 31,2024. Transfer balances of temporary accounts to Retain Note: Amounts to be deducted should be indicater Brea Corporation's fiscal year-end is December 31, 2024. The following is a partial listing of adjusted account balances as of December 31. Required: 1. Based on the information above, prepare the Income Statement for Brea Corporation for December 31, 2024. 2. Transfer balances of temporary accounts to Retained Earnings and calculate its ending balance. Complete this question by entering your answers in the tabs below

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