3-5A Prepare financial statements from an adjusted trial balance when net income is positive (LO3-5) Boilermaker 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 Boilermaker Unlimited. ces Accounta Cash Accounts Receivable Supplies Prepaid Insurance. Equipment Accumulated Depreciation Accounts Payable BOILERMAKER UNLIMITED Adjusted Trial Balance December 31, 2021 Debite Credits $ 15,000 24,000 31,000 6.000 500,000 $160,000 30,000 Salaries Payable Utilities Payable Notes Payable (due in 5 years). Common Stock 27,000 4,000 100,000 150,000 Retained Earnings 79,000 Dividenda 25,000 Service Revenue-new construction Service Revenue-remodeling 400,000 250,000 Salaries Expense 150,000 Supplies Expense 275,000 Depreciation Expense 40,000 Insurance Expense 24,000 Utilities Expense Interest Expense 41,000 6,000 Service Fee Expense $3,000 Totals $1,200,000 $1,200,000 Required: 1. Prepare an income statement for the year ended December 31, 2021. 2. Prepare the statement of stockholders' equity for the year ended December 31, 2021, note that during the year the company issued additional common stock for $20,000. 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. Complete this question by entering your answers in the tabs below. 15 Required 1 Required 2 Required 3 Prepare an income statement for the year ended December 31, 2021. Service Revenues BOILERMAKER UNLIMITED Income Statement For the Year Ended December 31, 2021 Total Revenues Expenses Required 1 Required 2 Required 3 Prepare an income statement for the year ended December 31, 2021. BOILERMAKER UNLIMITED Income Statement For the Year Ended December 31, 2021 Service Revenues: Total Revenues Expenses: Total Expenses + memorate tranzite year ended December 31, 2021. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare the statement of stockholders' equity for the year ended December 31, 2021, note that during the year the company Issued additional common stock for $20,000. This amount is included in the amount for Common Stock in the adjusted trial balance. Balance at January 1 BOILERMAKER UNLIMITED Statement of Stockholders' Equity For the Year Ended December 31, 2021 Balance at December 31 Common Stock Retained Earnings Total Stockholders Equity < Required 1 Required 3 > Required 1 Required 21 Required 31 Prepare the classified balance sheet for the year ended December 31, 2021. (Amounts to be deducted should be indicated by a minus sign.) OILERMAKER UNLIMITED Balance Sheet December 31, 2021 Assets Liabilities Current Assets: Current Liabilities: Total Current Assets Long-term Assets: Total Current Liabilities Long-term Liabilities: Total Liabilities Stockholder's Equity Total Assets Total Stockholders' Equity Total Liabilities and Stockholders' Equity