On January 1, 2024, Red Flash Photography had the following balances: Cash, $23,000; Supplies, $9,100; Land, $71,000; Deferred Revenue, $6,100; Common Stock $61,000; and Retained Earnings, $36,000. During 2024, the company had the following transactions: 1. February 15 Issue additional shares of common stock, $31,000. 2. May 20 Provide services to customers for cash, $46,000, and on account, $41,000. 3. August 31 Pay salaries to employees for work in 2024, $34,000. 4. October 1 Purchase rental space for one year, $23,000. 5. November 17 Purchase supplies on account, $33,000. 6. December 30 Pay dividends, $3,100. The following information is available on December 31, 2024: Employees are owed an additional $5,100 in salaries. Three months of the rental space have expired. Supplies of $6,100 remain on hand. All other supplies have been used. All of the services associated with the beginning deferred revenue have been performed. Exercise 3-20 (Algo)

Part 4 4. Prepare an income statement, statement of stockholders equity, and classified balance sheet.