Exercise 3-16 (Algo) Prepare financial statements from an adjusted trial balance (LO3-5) The December 31, 2024, adjusted trial balance for Badger Corporation is presented below. Accounts Cash Accounts Receivable warded Prepaid Rent Supplies ed Land Accounts Payable Salaries Payable Interest Payable ok Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue nces Salaries Expense Rent Expense Utilities Expense Interest Expense Totals Required: Debit $21,000 Credit 200,000 7,000 40,000 315,000 $22,000 21,000 5,000 50,000 350,000 80,000 550,000 410,000 30,000 50,000 5,000 $1,078,000 $1,078,000 1. Prepare an income statement for the year ended December 31, 2024. 2. Prepare a statement of stockholders' equity for the year ended December 31, 2024, assuming no common stock was issued during 2024. 3. Prepare a classified balance sheet as of December 31, 2024. Complete this question by entering your answers in the tabs below. Income Statement Stmt of Stockholders Balance Sheet Equity Prepare an income statement for the year ended December 31, 2024.