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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 BOILERMAKER UNLIMITED Adjusted Trial Balance December 31, 2021 Accounts Debits Cash $ 15,600 Accounts Receivable 24,600 Supplies 31,600 Prepaid Insurance 6,600 Equipment 575,000 Accumulated Depreciation Accounts Payable Salaries Payable Utilities Payable Notes Payable due in 5 years) Common Stock Retained Earnings Dividenda 25,600 Service Revenue-new construction Service Revenue-remodeling Salaries Expense 156,000 Supplies Expense 281,000 Depreciation Expense 46,000 Insurance Expense 24,600 Utilities Expense 41.600 Interest Expenso 6,600 Service Yee Expense 69,000 Totals $1,303,800 $ 184,000 30,600 27,600 4,600 110,000 180,000 69,000 430,000 268,000 $1,30), 800 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 Prepare the classified balance sheet for the year ended December 31, 2021. (Amounts to be deducted a minus sign.) + BOILERMAKER UNLIMITED Balance Sheet December 31, 2021 Assets Liabilities Current Assets: Current Liabilities: Total Current Assets Total Current Liabilities Long-term Liabilities: Long-term Assets: Total Liabilities Stockholder's Equity Total Stockholders' Equity Total Liabilities and Stockholders' Equity Total Assets

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