Orange Designs provides consulting services related to home decoration. Orange Designs provides customers with recommendations for a full range of home dcor, including window treatments, carpet and wood flooring, paint colors, furniture, and much more. Below is the year-end adjusted trial balance of Orange Designs.

ORANGE DESIGNS
Adjusted Trial Balance
December 31, 2021
Accounts	Debits				Credits
Cash	$	4,200
Accounts Receivable		3,200
Supplies		1,200
Prepaid Rent		5,200
Buildings		102,000
Accumulated Depreciation					$	20,200
Accounts Payable						2,200
Salaries Payable						3,200
Utilities Payable						1,000
Notes Payable (due in four years)						12,000
Common Stock						42,000
Retained Earnings						14,200
Service Revenues						117,400
Salaries Expense		41,200
Rent Expense		17,200
Depreciation Expense		6,200
Supplies Expense		7,200
Advertising Expense		12,200
Utilities Expense		11,200
Interest Expense		1,200
Totals	$	212,200			$	212,200

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 $10,000. 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.