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 Debits Credits Cash $ 4,800 Accounts Receivable 3,800 Supplies 1,800 Prepaid Rent 5,800 Buildings 108,000 Accumulated Depreciation $ 20,800 Accounts Payable 2,800 Salaries Payable 3,800 Utilities Payable 1,000 Notes Payable (due in four years) 18,000 Common Stock 48,000 Retained Earnings 14,800 Service Revenues 115,600 Salaries Expense 41,800 Rent Expense 17,800 Depreciation Expense 6,800 Supplies Expense 7,800 Advertising Expense 12,800 Utilities Expense 11,800 Interest Expense 1,800 Totals $ 224,800 $ 224,800 Required: Prepare income statement for the year ended December 31, 2024. 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. Prepare the classified balance sheet for the year ended December 31, 2024.