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. Credits BOILERMAKER UNLIMITED Adjusted Trial Balance December 31, 2021 Debits Accounts $ 16,000 Cash Accounts Receivable 25,000 Supplies 32,000 Prepaid Insurance 7, Equipment 625,000 Accumulated Depreciation Accounts Payable Salaries Payable Utilities Payable Notes Payable (due in 5 years) Common Stock Retained Earnings Dividends 26,000 Service Revenue-new construction Service Revenue-remodeling Salaries Expense Supplies Expense 160,000 Depreciation Expense 285,000 Insurance Expense 50,000 Utilities Expense 25,000 42,000 9,000 23,000 $1,375,000 $ 200,000 31,000 28,000 5,000 150,000 2 200,000 31,000 450,000 280,008 Interest Expense Service Fee Expense Totals $1,375,000 Required: Required Required 2 Required 3 Prepare an income statement for the year ended December 31, 2021. BOILERMAKER UNLIMITED Income Statement For the Year Ended December 31, 2021 Service Revenues Total Revenues Expenses Total Expenses 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 $30,000. 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 Common Stock Retained Earnings Total Stockholders Equity Balance at January 1 Balance at December 31 Prepare the classified balance sheet for the year ended December 31, 2021. (Amounts to be deducted should be indica a minus sign.) BOILERMAKER UNLIMITED Balance Sheet December 31, 2021 Assets Current Assets Liabilities Current Liabilities Total Current Assets Long-term Assets Total Current Liabilities Long-term Liabilities Total Liabilities Stockholder's Equity Total Assets Total Stockholders' Equity Total Liabilities and Stockholders' Equity