Damon Hair Stylists's adjunted trial balance and statement of retained earnings follow Prepare Damon's wraciassifed balance sheet at December 31, 2024 Use the account form Cick on the icon to view the adjusted trial balance) (Click on the icon to view the statement of retained eamings) Begin by preparing the asset section of the balance sheet, then prepare the liabilities and stockholderu' equity section (If a box in not used in the balance sheet Wave the box empty Damon Hair Stylists Balance Sheet December 31, 2024 Liabilities Assets Less Stockholders' Equity Abolisation used Acc Dept - Accumulated Depreciation - Reference Data Table Damon Hair Stylists Statement of Retained Earnings Year Ended December 31, 2024 Retained Earnings January 1, 2024 Net income for the year 0 7.100 7.100 (1 200) Dividends Retained Earrings December 31 2024 5 5,900 Damon Hair Stylists Adjusted Triat Balance December 31, 2024 Balance Account Tide Debit Credit Cash 5 1400 Accounts Receivable 1.700 Office Supplies 1,900 Equipment 20,300 Accumulated Depreciation Equipment $ 1.500 Accounts Payable 1.000 Interest Payable 400 Notes Payable 3.600 Common Stock 12 900 Dividends 1.200 Service Revenue 15200 Rent Expense 5.100 Supplies Expense 700 Depreciation Expense-Equipment 1.500 Interest Expense 800 Total 5 34.500 5 34,600 Print Done Print Done