Question: Required: 1 - a . Prepare an income statement for the year ended December 3 1 , 2 0 2 4 . 1 - b

Required:
1-a. Prepare an income statement for the year ended December 31,2024.
1-b. Prepare a classified balance sheet as of December 31,2024.
Prepare the necessary closing entries on December 31,2024.
Complete this question by entering your answers in the tabs below.
Req 1 A
Required: 1-a. Prepare an income statement for the year ended December

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