Driftwood Investments provides financial services related to investment selections, retirement planning, and general insurance needs. At the end of the year on December $31,2024,$ the company reports the following amounts:

Advertising expense $$31,700$ Service revenue $$118,600$

Buildings $132,000$ Interest expense $1,700$

Salaries expense $63,300$ Utilities expense $13,700$

Accounts payable $4,600$ Equipment $18,000$

Cash $3,700$ Notes payable $21,000$

In addition, the company had common stock of $$100,000$ at the beginning of the year and issued an additional $$10,000$ during the year. The company also had retained earnings of $$13,300$ at the beginning of the year and paid dividends of $$3,400$ during the year.

Required:

Prepare the income statement for Driftwood Investments.

Prepare the statement of stockholders$$ equity for Driftwood Investments.

Prepare the balance sheet for Driftwood Investments.