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.

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 $19,000. 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.

BOILERMAKER UNLIMITED Adjusted Trial Balance December 31, 2021 $ Accounts Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation Accounts Payable Salaries Payable Utilities Payable Notes Payable (due in 5 years) Common Stock Retained Earnings Dividends Service Revenue-new construction Service Revenue-remodeling Salaries Expense Supplies Expense Depreciation Expense Insurance Expense Utilities Expense Interest Expense Service Fee Expense Totals Debits 14,900 25,100 32,100 5,900 487,500 24,900 149,000 274,000 39,000 23,900 40,900 6,600 62,000 $1,185,800 Credits $ 156,000 29,900 26,900 3,900 110,000 145,000 38,100 395,000 281,000 $1,185,800