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. heck my work Accounts Cash Accounts Receivable Supplies BOILERMAKER UNLIMITED Adjusted Trial Balance December 31, 20211 Debits Credits $ 14,000 26,000 33,000 Prepaid Insurance Equipment Accumulated Depreciation 5,000 375,000 $ 120,000 Accounts Payable Salaries Payable Utilities Payable Notes Payable (due in 5 years) Common Stock 29,000 26,000 3,000 120,000 100,000 Retained Earnings 47,200 Dividends 24,000 Service Revenue-new construction Service Revenue-remodeling 350,000 240,000 Salaries Expense 140,000 Supplies Expense 265,000 Depreciation Expense 30,000 Insurance Expense 23,000 Utilities Expense) Interest Expense Service Fee Expense Totals co search ii F 40,000 7,200 53,000 $1,035,200 $1,015,200 10:42 PM 12/19/2020 Required 1 Required 2 Required 3 Prepare an income statement for the year ended December 31, 2021. BOILERMAKER ATHLUSTUE tacome Statement For the Year Ended December 31, 2021 Service Revenues: Service Revenue - New Construction Service Revenue - Remodeling Total Revenues Expenses 350,000 240,000 Salaries Expense $ 140,000 Depreciation Expense 30,000 Insurance Expense 23,000 Utilities Expense 40,000 Interest Expense 7,200 Service Fee Expense 53,000 $ 590,000 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 $10,000. This amount is included in the amount for Common Stock in the adjusted trial balance. BOILERMAKER UNLIMITED Statement of Stockholders' Equity For the Year Ended December 31, 2021 Balance at January 1 Common Stock $ 100,000 Retained Earnings Total Stockholders Equity $ 47,200 Add: Net Income 296,800 Less: Dividends (24,000) Balance at December 31 Pray 5 of 5 Next Required 1 Required 2 Required 3 Prepare the classified balance sheet for the year ended December 31, 2021. (Amounts to be deducted should be indicated by a minus sign.) BOILERMAKER UNLIMITED Balance Sheet December 31, 2021 Assets Liabilities Current Assets: Current Liabilities: Total Current Assets Long-term Assets: 0 Total Current Liabilities Long-term Liabilities 0 Total Liabilities $ 0 Stockholder's Equity