Orange Designs provides consulting services related to home decoration. Orange Designs provides customers with recommendations for a full range of home decor, including window treatments, carpet and wood flooring, paint colors, furniture, and much more. Below is the year end adjusted trial balance of Orange Designs Credits Debita $ 4,000 3,000 1,000 5,000 100,000 ORANGE DESIGNS Adjusted Trial Balance December 31, 2021 Accounts Cash Accounts Receivable Supplies Prepaid Rent Buildinga Accumulated Depreciation Accounts Payable Salaries Payable Utilities Payable Notes Payable (due in four years) Camion Stock Retained Earnings Service Revenue salaries Expense Bent Expense Depreciation Expense Supplion Expense Advertising Expense Utilities Expense Interest Expense Total $ 20,000 2,000 3,000 1,200 10,000 40,000 14,000 117,000 41,000 17,000 6,000 7.000 12,000 11,000 1,000 5208,000 $209,000 bodi Required: 1. Prepare an income statement for the year ended December 31, 2021. 2. Prepare the statement of stockholders' equity, note that during the year the company issued additional common stock of $12,000. This amount is included in the amount for Common Stock in the adjusted trial balance. 3. Prepare the classified balance sheet for the year ended December 31, 2021. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare the classified balance sheet for the year ended December 31, 2021. (Amounts to be deducted should be indicated by a minus sign.) ORANGE DESIGNS Balance Sheet December 31, 2021 Assets Liabilities Current Assets Current Liabilities Cash $ 4,000 Accounts Payable $ 2,000 Accounts Receivable Salarios Payable 3,000 Suppliers 1,000 Utilities Payable 1,200 Prepaid Rent 5,000 3,000 Prev 1 of 1 Next