The December $31,2024,$ adjusted trial balance for the Blueboy Cheese Corporation is presented below.

$\backslash$table$[[$Account Title,Debits,Credits$],[$Cash$,$$ $54,600,],[$Accounts receivable,$285,000,],[$Prepaid rent,$8,500,],[$Inventory$,42,000,],[$Office equipment,$520,000,],[$Accumulated depreciation,,$ $218,000],[$Accounts payable,,$54,000],[$Notes payable $($due in six months$),,36,000],[$Salaries payable,,$6,700],[$Interest payable,,$1,200],[$Common stock,,$400,000],[$Retained earnings,,$110,000],[$Sales revenue,,$670,000],[$Cost of goods sold,$402,000,],[$Salaries expense,$100,500,],[$Rent expense,$25,500,],[$Depreciation expense,$52,000,],[$Interest expense,$2,400,],[$Advertising expense,$3,400,],[$Totals$,$$ $1,495,900,$$ $1,495,900]]$

Required:

$1-$a$.$ Prepare an income statement for the year ended December $31,2024.$

$1-$b$.$ Prepare a classified balance sheet as of December $31,2024.$

$2.$ Prepare the necessary closing entries on December $31,2024.$