Accounts Cash Accounts Receivable Supplies STEEL CONSTRUCTION UNLIMITED Adjusted Trial Balance December 31, 2024 Debits $ 16,600 24,500 31,500 Credits Prepaid Insurance 6,500 Investments (long-term) 431,000 Accounts Payable Salaries Payable Utilities Payable $ 30,500 27,500 4,500 Notes Payable (due in 5 years) 150,000 Common Stock 206,000 Retained Earnings 30,100 Dividends 25,500 Service Revenue-new construction Service Revenue-remodeling 456,000 265,000 Salaries Expense 155,000 Supplies Expense 280,000 Rent Expense Insurance Expense Utilities Expense 56,000 24,500 41,500 Interest Expense 9,000 Service Fee Expense Totals 68,000 $ 1,169,600 $ 1,169,600 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 additional common stock for $25,000. 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.