of 8 Problem 3-9B (Algo) Complete the full accounting cycle (LO3-3, 3-4, 3-5, 3-6, 3-7) [The following information applies to the questions displayed below.] The general ledger of Jackrabbit Rentals at January 1, 2024, includes the following account balances: Accounts Debits Credits Cash Accounts Receivable $47,500 31,700 pped Land: 116,800 Accounts Payable $15,900 Notes Payable (due in 2 years) 36,000 Common Stock Book Retained Earnings 106,000 38,100 Totals $196,000 $196,000 erences The following is a summary of the transactions for the year: 1. January 12 2. February 25 3. March 19 4. April 30 5. June 16 6. July 7 7. September 30 8. November 22 9. December 30 Provide services to customers on account, $68,400. Provide services to customers for cash, $78,300. Collect on accounts receivable, $46,300. Issue shares of common stock in exchange for $36,000 cash. Purchase supplies on account, $13,300. Pay on accounts payable, $11,900. Pay salaries for employee work in the current year, $70,200. Pay advertising for the current year, $23,100. Pay $3,500 cash dividends to stockholders. The following information is available for the adjusting entries. Accrued interest on the notes payable at year-end amounted to $3,100 and will be paid January 1, 2025. Accrued salaries at year-end amounted to $2,100 and will be paid on January 5, 2025. Supplies remaining on hand at the end of the year equal $2,900. rt 5 of 8 Required A Required B 31 ints Skipped eBook References Prepare the income statement for the year ended December 31, 2024. JACKRABBIT RENTALS Income Statement For the Year Ended December 31, 2024 Expenses: Total Expenses Required A 0 Required B > Required information Part 5 of 8 181 points Skipped Required A Required B Prepare the classified balance sheet for the year ended December 31, 2024. JACKRABBIT RENTALS Balance Sheet December 31, 2024 Assets +Book Current Assets References Total Current Assets 0 Long-term assets Liabilities Current Liabilities Total Current Liabilities Long-Term Liabilities Total Libe $ 0 Stockholders' Equity