im not sure on some of these answers. can you please help me?
2. Boilermaker Unlimited specializes in building new homes and remodeling existing homes. Remodeling projects include adding game rooms, changing kitchen cabinets and countertops, and updating bathrooms. Below is the year-end adjusted trial balance of Boilermaker Unlimited. 1.5 points Credits $ 136,000 29,400 26,400 BOILERMAKER UNLIMITED Adjusted Trial Balance December 31, 2021 Accounts Debits Cash $ 14.400 Accounts Receivable 25,600 Supplies 32,600 Prepaid Insurance 5,400 Equipment 425,000 Accumulated Depreciation Accounts Payable Salaries Payable Utilities Payable Notes Payable (due in 5 years) Common Stock Retained Earnings Dividends 24,400 Service Revenue-new construction Service Revenue-remodeling Salaries Expense 144,000 Supplies Expense 269,00 Depreciation Expense 34,000 Insurance Expense 23,400 Utilities Expense 40,400 Interest Expense Service Fee Expense 57.000 Totals $1,101.800 3,400 110,000 120,000 49,60 370,000 257,000 $1,101,800 5: Extra Credit 1 Saved 1. Prepare an income statement for the year ended December 31, 2021. 2. Prepare the statement of stockholders' equity for the year ended December 31, 2021, note that during the year the company issued additional common stock for $14,000. This amount is included in the amount for Common Stock in the adjusted trial balance 3. Prepare the classified balance sheet for the year ended December 31, 2021. Complete this question by entering your answers in the tabs below. ak 1 Required 1 Required 2 Required 3 nces Prepare an income statement for the year ended December 31, 2021. BOILERMAKER UNLIMITED Income Statement For the Year Ended December 31, 2021 Service Revenues: Service Revenue - New Construction $ 370,000 Service Revenue - Remodeling 257,000 23 $ 627,000 Total Revenues Expenses: Salaries Expense Depreciation Expense Insurance Expense $ 144,000 34,000 23,400 2 Required 1 Required 2 Required 3 Prepare an income statement for the year ended December 31, 2021. 1.5 points BOILERMAKER UNLIMITED Income Statement For the Year Ended December 31, 2021 Service Revenues Service Revenue - New Construction $ 370,000 Service Revenue. Remodeling 257.000 eBook Print References $ 627,000 s 144,000 Total Revenues Expenses Salaries Expense Depreciation Expense Insurance Expense Utilities Expense Interest Expense Service Fee Expense Supplies Expense 34,000 23.400 40,400 6,600 57,000 269,000 Total Expenses INet Income 574.400 xtra Credit 1 Saved Required 1 Required 2 Required 3 Prepare the statement of stockholders' equity for the year ended December 31, 2021, note that during the year the company issued additional common stock for $14,000. This amount is included in the amount for Common Stock in the adjusted trial balance. BOILERMAKER UNLIMITED Statement of Stockholders' Equity For the Year Ended December 31, 2021 Common Stock Retained Earnings Total Stockholders Equity Balance at January 1 Add: Net Income Less: Dividends Balance at December 31 Prepare the classified balance sheet for the year ended December 31, 2021. (Amounts to be deducted should be indicated by a minus sign.) BOILERMAKER UNLIMITED Balance Sheet December 31, 2021 Assets Liabilities Current Assets: Cash Accounts Receivable Supplies Prepaid Insurance Current Liabilities: $ 14,400 Accounts Payable 25,600 Salarios Payable 32,600 Utilities Payable 5,400 $ 29,400 26,400 3,400 59,200 Total Current Assets Long-term Assets Equipment 136.000 110,000 $ 305,200 78,000 Total Current Liabilities Long-term Liabilities: 425,000 Accumulated Depreciation Notes Payable Total Liabilities Stockholder's Equity Common Stock Retained Earnings Total Stockholders' Equity $ 503,000 Total Liabilities and Stockholders' Equity 120,000 Total Assets 120,000 $ 425,200
