Island Company provides the following information at the end of 2024. Cash remaining Rent expense for the year Land that has been purchased Retained earnings Utility expense for the year Accounts receivable from customers $3,600 5,800 20,000 11,200 3,700 6,000 Service revenue recognized during the year 31,000 Salary expense for the year 12,100 Accounts payable to suppliers 1,600 Dividends paid to shareholders during the year 2,000 Common stock that has been issued prior to 2024 Salaries owed at the end of the year 15,000 1,800 Insurance expense for the year 2,300 Retained earnings at the beginning of the year 6,100 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.