Persimmon Designs provides consulting services related to home decoration. Persimmon 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 Persimmon Designs. PERSIMMON DESIGNS Adjusted Trial Balance: December 31, 2024 Accounts Cash Accounts Receivable. Supplies Prepaid Rent Buildings Accumulated Depreciation Accounts Payable Salaries Payable Utilities Payable Notes Payable (due in four years) Connon Stock Retained Earnings Service Revenues Debits. $ 4,200 Credits 3,200 1,200 5,200 102,000 $ 20,200 2,200 3,200 1,000 12,000 42,000 14,200 117,400 41,200 17,200 Salaries Expense Rent Expense Depreciation Expense Supplies Expense Advertising Expense Utilities Expense Interest Expense Totals Required: 6,200 7,200 12,200 11,200 1,200 $ 212,200 5 212,200 1. Prepare an income statement for the year ended December 31, 2024. 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, 2024.