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Exercise 3-16 (Algo) Prepare financial statements from an adjusted trial balance (LO3-5) The December 31, 2024, adjusted trial balance for Ostrich Corporation is presented below.

Exercise 3-16 (Algo) Prepare financial statements from an adjusted trial balance (LO3-5) The December 31, 2024, adjusted trial balance for Ostrich Corporation is presented below. Required: 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

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