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Exercise 3-16A Prepare financial statements from an adjusted trial balance (LO3-5) [The following information applies to the questions displayed below.] The December 31, 2021, adjusted

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Exercise 3-16A Prepare financial statements from an adjusted trial balance (LO3-5) [The following information applies to the questions displayed below.] The December 31, 2021, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. Required: 1. Prepare an income statement for the year ended December 31, 2021. 2. Prepare a statement of stockholders' equity for the year ended December 31,2021 , assuming no common stock was issued during 2021 3. Prepare, a classified balance sheet as of December 31, 2021. (Amounts to be deducted should be indicated by a minus sign.)

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