Required information [The following information applies to the questions displayed below] On January 1, 2024, Red Flash Photography had the following balances: Cash, \$16,000: Supplies, \$8,400; Land, \$64,000; Deferred Revenue, \$5,400; Common Stock \$54,000; and Retained Earnings, \$29,000. During 2024, the company had the following transactions: 1. Fobruary 15 Itsue additional shares of common stock, $24,000, 2. May 20 Provide services to customera for canh, 539,000 , and on account, $34,000. 3. August 31 Pay ealaries to enployees for work in 2024, 527,000 . 4. Detober 1 Purchase rental space for one year, $16,000. 5. November 17 Purchase supplies on account, $26,000. 6. December 30 Day dividesds, $2,400. The following information is available on December 31, 2024: 1. Employees are owed an additional $4,400 in salaries 2. Three months of the rental space have expired. 3. Supplies of $5,400 remain on hand. All other supplies have been used. 4. All of the services associated with the beginning deferred revenue have been performed 4. Prepare an income statement, statement of stockholders' equity, and classified balance sheet. Complete this question by entering your answers in the tabs below. Prepare an income statement. Complete this question by entering your answers in the tabs below. Prepare an income statement. Complete this question by entering your answers in the tabs below. Prepare a statement of stockholders' equity. Prepare a classified balance sheet. Required information The following information apples to the questions displayed below] On January 1, 2024, Red Flash Photography had the following balances: Cash, $16,000;; Supplies, $8,400;, Land; $64,000; Deferred Revenue, $5,400; Common Stock $54,000; and Retainod Earnings, $29,000. During 2024, the company had the following transactions: 1. Febeuary 13 Issue additiosinl whares of eemeh atoek, 124,000 . 2. May 20 Provide service to cuetomera for cash, $3,000, and os acebutit, 314,000 , 3. Nagust 31 Pay alerien to enployees for vork in 2024, $27,600. 4. Oetober 1 Turehale rental space for one year, $16,006. 5. Novelbet 17 Turehate zupelien on aecoant, 626,000 , 6. Desenber 30 pay dividends, $2,400. The following information is avaitable on December 31, 2024: 1. Employees are owed an additional $4,400 in salaries. 2. Three months of the rental spece have expired. 3. Supplies of $5,400 remain on hand. All other supplies have been used. 4 All of the services assoclated with the beginning deferred revenue have been performed. 1, Pregare an income statement, statement of stockholdors' equity, and classitiod balance sheet. Complete this question by entering your answers in the tabs below. Prepare an income statement. Complete this question by entering your answers in the tabs below. Prepare an income statement. 4. Prepare an income statement, statement of stockholders' equity, and classified balance sheet. Complete this question by entering your answers in the tabs below. Prepare a statement of stockholders' equity. Complete this question by entering your answers in the tabs below. Prepare a classified balance shet
