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please complete all three statements. i appreciate it! The December 31, 2024, adjusted trial balance for Ostrich Corporation is presented below. 6 Credit Debit $31,000
please complete all three statements. i appreciate it!
The December 31, 2024, adjusted trial balance for Ostrich Corporation is presented below. 6 Credit Debit $31,000 235,000 4,000 47,000 350,000 15 point Accounts Cash Accounts Receivable Prepaid Rent Supplies Land Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Utilities Expense Interest Expense Totals $29,000 28.000 5.000 57,080 385,000 94,000 585,000 Book References 417,000 37,000 57,000 5,000 $1,183,000 $1,183,000 Required: 1. Prepare an income statement for the year ended December 31, 2024 2. Prepare a statement of stockholders' equity for the year ended December 31, 2024, assuming no common stock was issued during 2024 3. Prepare a classified balance sheet os of December 31, 2024 Complete this question by entering your answers in the tabs below. Income Strnt of statement Stockholders Balance Sheet Equity Prepare an income statement for the year ended December 31, 2024 OSTRICH CORPORATION Income Statement For the Year Ended December 1, 2024 6 Required: 1. Prepare an income statement for the year ended December 31, 2024 2. Prepare a statement of stockholders' equity for the year ended December 31, 2024, assuming no common stock was issued during 2024 3. Prepare a classified balance sheet as of December 31, 2024 15 Complete this question by entering your answers in the tabs below. points Stmt of Income Statement Stockholders Balance Sheet Equity Prepare an Income statement for the year ended December 31, 2024 OSTRICH CORPORATION Income Statement For the Year Ended December 31, 2024 Service Revenue $ 585,000 References Expenses Salaries Expense Interest Expense U ponte Rent Expense $417.000 5,000 57,000 37.000 Total expenses Not income 516.000 509.000 simt of Stockholders Equity > Income Stmt of Statement Stockholders Balance Sheet Equity Prepare a statement of stockholders' equity for the year ended December 31, 2024, assuming no common stock was issued during 2024 tes OSTRICH CORPORATION Statement of Stockholders' Equity For the Year Ended December 31, 2024 Common Stock Retained Earnings Total Stockholders' Equity Balance at January 1 Add: Net Income Balance at December 31 69,000 94,000 $ 69,000 479,000 $ 385,000 $ 6 Prepare a classified balance sheet as of December 31, 2024. OSTRICH CORPORATION Balance Sheet December 31, 2024 nts Assets Liabilities $ $ Current assets: Cash Supplies Prepaid Rent Accounts Receivable Current liabilities: 31,000 Accounts Payable 47,000 Salaries Payable 4,000 Interest Payable 235,000 29,000 28,000 5,000 eBook References Total current assets 62,000 317.000 Total current liabilities Long-term liabilities: Notes Payable 57.000 Total liabilities 119,000 Stockholders' Equity Long-term assets Land $ 350,000 Common Stock Retained Eaming 385.000 94,000 Total long-term assets Total assets 350,000 Toul stockholders' equity 667.000 Totalliatiities and stockholders' equity 479.000 690.000 $ 5 Step by Step Solution
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