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 DOILEAKER UNLIMITED Adjusted Trial Balance December 31, 2021 Accounts Debito Cash 5 14,100 Accounts Receivable 25,900 Supplies 32,900 Prepaid Insurance 5,100 Equipment 387,500 Accumulated Depreciation Accounts Payable Salaries Payable Utilities Payable Notes Payable (due in 5 years) Common Stock Retained Earnings Dividends 24,100 Service Revenue-new construction Service Revenue-remodeling Salaries Expense 141,000 Supplies Expense 266,000 Depreciation Expense 31,000 Insurance Expenso 23,100 Utilities Expense 40,100 Interest Expense Service Fee Expense 54,000 Totals $1,053,200 $ 124,000 29,100 26.100 3.100 140,000 105,000 25.900 355,000 245,000 8,400 51.053,200 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 $11,000. 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 Required 1 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: Service Revenue - New Construction Service Revenue - Remodeling $ 0 Total Revenues Expenses: Salaries Expense Supplies Expense Depreciation Expense Insurance Expense Utilities Expense Interest Expense Service Fee Expense Total Expenses Net Income 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 $11,000. 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 Total Common Retained Stockholders Stock Earnings Equity Balance at January 1 Issuance of Common Stock Add: Net Income Less: Dividends Balance at December 31 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 $11,000. 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. nces 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 Total Current Liabilities Long-term Liabilities $ 0 Total Liabilities Stockholder's Equity 0 Total Stockholders' Equity Toto Liabilities and Stockholders' Equity Total Assets $ 0 (Required 2