Damon Hair Stylists's adjusted trial balance and statement of retained earnings follow Prepare Damon's unclassifed balance sheet at December 31, 2024 Use the account form BBB (Click on the icon to view the adjusted trial balance) (Click on the icon to view the statement of retained earnings.) Begin by preparing the asset section of the balance sheet, then prepare the liabilities and stockholders' equity sections. (If a box is not used in the balance sheet, leave the box empty, do not select a label or enter a zero. Abbre Accumulated Depreciation.) x Damon Hair Stylists Data table Balance Sheet December 31, 2024 Assets Liabilities Damon Hair Stylists Adjusted Trial Balance December 31, 2024 Balance Debit Credit Account Title Cash $ 600 Stockholders' Equity Less: Accounts Receivable 500 400 Office Supplies Equipment Accumulated Depreciation-Equipment 20,000 $ 1.100 100 Accounts Payable 700 Interest Payable 3.600 Notes Payable 7 900 Common Stock Dividends 1,600 Service Revenue 16,700 Rent Expense 4,100 not used in the balance sheet, leave the box empty, do not select a label or enter a zero. Abbrevia - X Reference Damon Hair Stylists Statement of Retained Earnings Year Ended December 31, 2024 Retained Earnings, January 1, 2024 $ 0 Net income for the year 9,700 9.700 (1,600) Dividends $ Retained Earnings, December 31, 2024 8,100 Print D Done O Time Remaining: 01 sts' adjusted trial balance and income statement follow. Prepare Damon's stateme ear ended December 31, 2024. icon to view the adjusted trial balance.) (Click on the icon to view th Data table Cash S 1.000 Accounts Receivable 500 Office Supplies 1,400 19,400 Equipment Accumulated Depreciation Equipment $ 2,000 Accounts Payable 500 Interest Payable 950 Notes Payable 3,500 Common Stock 10.850 Dividends 1,000 Service Revenue 15,200 Rent Expense 5.400 Supplies Expense 700 Depreciation Expense-Equipment 2,000 Interest Expense 1 600 $ 33,000 $ Total 33,000 Print Done 66F Mostly cloudy