1. Prepare an income statement for the year ended December 31, 2024. 2. Prepare the statement of stockholders' equity for the year ended December 31, 2024, note that during the year the company issued additional common stock for $26,000. 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, 2024. Village Builders Unlimited specializes in building new homes and remodeling existing homes. Remodeling projects include adding game rooms, changing kitchen cabinets and countertops, and updating bathrooms. Below is the year-end adjusted trial balance of Village Builders Unlimited. VILLAGE BUILDERS UNLIMITED Adjusted Trial Balance December 31, 2024 Accounts Cash: Accounts Receivable. Supplies Prepaid Insurance Investments (long-term) Accounts Payable Salaries Payable Utilities Payable Notes Payable (due in 5 years) Common Stock Debits, $ 16,700 24,600 Credits 31,600 6,600 432,000 $ 30,600 27,600 Retained Earnings Dividends 25,600 Service Revenue-new construction Service Revenue-remodeling Salaries Expense Supplies Expense 156,000 281,000 Rent Expense Insurance Expense: Utilities Expense Interest Expense Service Fee Expense Totals 57,000 4,600 110,000 207,000 68,100 457,000 268,000 24,600 41,600 6,600 69,000 $ 1,172,900 $ 1,172,900 Required: 1. Prepare an income statement for the year ended December 31, 2024, 2. Prepare the statement of stockholders' equity for the year ended December 31, 2024. note that during the year the company issued