1 Orange Designs provides consulting services related to home decoration Orange Designs provides customers with recommendations for a full range of home decor, including window treatments, carpet and wood flooring, paint colors, furniture, and much more. Below is the year end adjusted trial balance of Orange Designs 4 ORANGE DESIGNS Adjusted Til Balance December 31, 2021 Credit Men Debite . 5.000 4,900 2,906 6,900 119,000 Mocounts Receivable Dupplies Prepaid sent muilding Accumulated Depreciation hcounts Payable salaries Payable Utilities Payable Moto Payable due in four years) Contoh Retained Earnings Service Revenues Salarin pense Rent Expense Depreciation Experte Supplies Expense Advertising Expenso Utilities Expense Interest Expense Totale $ 21,900 3.900 4,900 1,000 29,000 59.000 15.900 112,300 42,900 18,900 7.900 8.900 13.900 12,900 2,900 $247.900 $247,900 Required: 1. Prepare an income statement for the year ended December 31, 2021. 2. Prepare the statement of stockholders' equity, note that during the year the company issued additional common stock of $10,000. This amount is included in the amount for Common Stock in the adjusted trial balance. 3. Prepare the classified balance sheet for the year ended December 31, 2021. 2. y, , , This amount is included in the amount for Common Stock in the adjusted trial balance. 3. Prepare the classified balance sheet for the year ended December 31, 2021. Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare the statement of stockholders' equity, note that during the year the company issued additional common stock of $10,000. This amount is included in the amount for Common Stock in the adjusted trial balance. ORANGE DESIGNS Statement of Stockholders' Equity For the Year Ended December 31, 2021 Total Common Retained Stockholders Stock Earnings Equity Balance at January 1 $ 59,000 X $ 15,900 74,900 Issuance of Common Stock 10,000 10,000 Add: Net Income 4,000 4,000 Balance at December 31 69,000 $ 19,900 $ 88,900 X