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:

$1.$ February $15$ Issue additional shares of common stock, $$24,000.$

$2.$ May $20$ Provide services to customers for cash, $$39,000,$ and on account, $$34,000.$

$3.$ August $31$ Pay salaries to employees for work in $2024,$ $$27,000.$

$4.$ October $1$ Purchase rental space for one year, $$16,000.$

$5.$ November $17$ Purchase supplies on account, $$26,000.$

$6.$ December $30$ Pay dividends, $$2,400.$

The following information is available on December $31,2024$:

Employees are owed an additional $$4,400$ in salaries.

Three months of the rental space have expired.

Supplies of $$5,400$ remain on hand. All other supplies have been used.

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.