ISLAND COMPANY Income Statement For the year ended December 31, 2024 \begin{tabular}{|c|l|l|} \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline Total Expenses: & & \\ \hline & & $ \\ \hline \end{tabular} Island Company provides the following information at the end of 2024. No common stock is issued during 2024. Required: 1. Prepare the income statement for Island Company on December 31, 2024. 2. Prepare the statement of stockholders' equity for Island Company on December 31, 2024. 3. Prepare the balance sheet for Island Company on December 31, 2024