On January 1, 2024, Red Flash Photography had the following balances: Cash, $12,000; Supplles, $8,000; Land, $60,000; Deferred Revenue, $5,000; Common Stock $50,000; and Retained Earnings, $25,000. During 2024, the company had the following transactions: 1. February 15 Issue additional sharen of common stock, $20,000. 2. May 20 Provide services to cuntomern for eash, $35,000, and on account, $30,000. 3. August 31 Pay ialarien to employeen for work in 2024, $23,000. 4. October 1 purehase rental opace for one year, $12,000. 5. Noveabex 17 Purchase nupplien on account, $22,000. 6. December 30 Pay dividends, $2,000. The following information is available on December 31, 2024: 1. Employees are owed an additional $4,000 in salaries. 2. Three months of the rental space have expired. 3. Supplies of $5.000 remain on hand. All other supplies have been used. 4. All of the services associated with the beginning deferred revenue have been performed. Trial Balance December 31, 2024 RED FLASH PHOTOGRAPHY Income Statement For the year ended December 31, 2024 Revenues: \begin{tabular}{|l|l|r|} \hline & & \\ \hline Total Revenue & & \\ \hline Expenses: & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline Total Expenses & & \\ \hline & & \\ \hline & & 0 \\ \hline \end{tabular} Aajusted RED FLASH PHOTOGRAPHY Statement of Stockholders' Equity For the Period Ended December 31, 2024 \begin{tabular}{l} Balance Sheet > \\ \hline \end{tabular}