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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

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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 Below is the year end adjusted trial balance of Boilermaker Unlimited Credits BOILEMAKER UNLIMITED Adjusted Trial Balance December 31, 2021 Accounts Debits Cash 5 15.400 Accounts Receivable 24.400 Supplies 31.400 Prepaid Insurance 6,400 Equipment 550.000 Accumulated Depreciation Accounts Payable Solaries Payable Utilities Payable Notes Payable (due in 5 years) Connon Stock Retained Earnings Dividends 25,400 Service Revenue-new construction Service Revenue-remodeling Salaries Expense 154,000 Supplies Expense 279.000 Depreciation Expense 64,000 Insurance Expense 24,400 Utilities Expense 41,400 Interest Expense 8,400 Service Fee Expense 07.000 Totals $1,271,200 $ 170,000 30,40 27.400 4,400 140,000 170,00 41,0) 420. 262,000 $1,271,200 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 $24,000. 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

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