Credits $ Debits 15, 280 24,200 31,290 6,200 525,000 $ 168,000 30,200 27,200 4,200 120,000 160,000 60,000 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 25, 200 410,000 256,000 152,000 277,099 42,000 24,299 41,290 7,200 65,000 $1,235,600 $1,235,600 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 comp additional common stock for $22,000. This amount is included in the amount for Common Stock in the adjusted trial bala 3. Prepare the classified balance sheet for the year ended December 31, 2021. Complete this question by entering your answers in the tabs below.