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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.
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 Cash Accounts Receivable. Supplies Prepaid Insurance Equipment Accumulated Depreciation Accounts Payable Debits Credits: $ 14,900 25,100 32,100 5,900 487,500 156,000 29,900 Salarles Payable Utilities Payable 26,900 3,900 Notes Payable (due in 5 years) 110,000 Connon Stock 145,000 Retained Earnings 30,100 Dividends 24,900 Service Revenue-new construction Service Revenue remodeling 395,000 221,000 Salaries Expense 149,000 Supplies Expense 274,000 Depreciation Expense 39,000 Insurance Expense 23,900 Utilities Expense 40,900 Interest Expense 6,600 Service Fee Expense 62,000 Totals $1,185,800 $1,185,800 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 $19,000. 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. 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 $
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