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Data table Requirement 1. Prepare the income statement for the year ending December 31, 2024. (Use a minus sign or parentheses to show a net
Data table
Requirement 1. Prepare the income statement for the year ending December 31, 2024. (Use a minus sign or parentheses to show a net loss. If a box is not used in the statement, leave the box empty; do not select a label or enter a zero.) Burlington Advertising Services Income Statement Year Ended December 31 , 2024 Revenues: Service Revenue Expenses: Salaries Expense Supplies Expense Depreciation ExpenseBuilding Depreciation ExpenseFurniture Advertising Expense Total Expenses Net Income (Loss) 28,500 8,600 3,000 1, 100 10,800 43,900 52,000 (8, 100) 2024 (Use a minus sign or parentheses to show a net loss.) Data table Account Title Cash Accounts Receivable Office Supplies Land Building Accumulated DepreciationBuilding Furniture Accumulated DepreciationFurniture Accounts Payable Salaries Payable Unearned Revenue Common Stock Retained Earnings Dividends Service Revenue Salaries Expense Supplies Expense Depreciation ExpenseBuilding Depreciation ExpenseFurniture Advertising Expense Total Balance Requirement 2. Prepare the statement of retained eamings for the year ending December 31, Burlington Advertising Services Statement of Retained Earnings Year Ended December 31, 2024 Retained Earnings, January 1, 2024 Retained Earnings, December 31 , 2024 example Get more help Debit 14,400 14,300 7,700 18,300 48,900 s 17,800 17,700 28,500 8,600 3,000 1, 100 10,800 191,100 s Credit 35,800 14,600 10,400 7,800 13,000 32,000 33,600 43,900 191 ,100
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