Boilermaker Unlimited specializes in building new homes and remodeling existing homes. Remodeling projects include adding game poms, 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 $ 15,900 Accounts Receivable 24,900 Supplies 31,900 Prepaid Insurance 6,900 Equipment 612,500 Accumulated Depreciation Accounts Payable Salaries Payable Utilities Payable Notes Payable (due in 5 years) Common Stock Retained Earnings Dividends 25,900 Service Revenue-new construction Service Revenue-remodeling Salaries Expense 159,000 Supplies Expense 284,000 Depreciation Expense 49,000 Insurance Expense 24,900 Utilities Expense 41,900 Interest Expense 8,400 Service Fee Expense 22,000 $1,357,200 Totals $ 196,000 30,900 27,900 4,900 140,000 195,000 40,500 445,000 277,000 $1,357,200 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 $29,000. 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. 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 - Remodeling Total Revenues Expenses: 5 0 Total Expenses 0 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 $29,000. 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 indicated by a minus sign.) BOILERMAKER UNLIMITED Balance Sheet December 31, 2021 Assets Liabilities Current Assets Current Liabilities 0 Total Current Assets Total Current Liabilities Long-term Liabilities Long-term Assets 3 Total Liabilities Stockholder's Equity Tots Stockholders' Equity Mes and Stockholcas Souty Total Recured