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, 2024 Accounts Cash Accounts Receivable Supplies Debits $ 16,000 25,000 Credits 32,000 Prepaid Insurance 7,000 Investments (long-term) 425,000 Accounts Payable $ 31,000 Salaries Payable 28,000 Utilities Payable 5,000 Notes Payable (due in 5 years) 150,000 Common Stock 200,000 Retained Earnings 31,000 Dividends 26,000 Service Revenue-new construction Service Revenue-remodeling 450,000 280,000 Salaries Expense 160,000 Supplies Expense 285,000 Rent Expense Insurance Expense Utilities Expense Interest Expense Service Fee Expense Totals 50,000 25,000 42,000 9,000 73,000 $ 1,175,000 $ 1,175,000 Required 1 Required 2 Required 3 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 $30,000. This amount is included in the amount for Common Stock in the adjusted trial balance. Balance at January 1 Balance at December 31 BOILERMAKER UNLIMITED Statement of Stockholders' Equity For the Year Ended December 31, 2024 Common Stock Total Retained Stockholders' Earnings Equity