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.

BOILERMAKER UNLIMITED
Adjusted Trial Balance
December 31, 2021
Accounts	Debits				Credits
Cash	$	15,200
Accounts Receivable		24,200
Supplies		31,200
Prepaid Insurance		6,200
Equipment		525,000
Accumulated Depreciation					$	168,000
Accounts Payable						30,200
Salaries Payable						27,200
Utilities Payable						4,200
Notes Payable (due in 5 years)						120,000
Common Stock						160,000
Retained Earnings						60,000
Dividends		25,200
Service Revenuenew construction						410,000
Service Revenueremodeling						256,000
Salaries Expense		152,000
Supplies Expense		277,000
Depreciation Expense		42,000
Insurance Expense		24,200
Utilities Expense		41,200
Interest Expense		7,200
Service Fee Expense		65,000
Totals	$	1,235,600			$	1,235,600

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 $22,000. 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.