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Online Advertising Services Adjusted Trial Balance December 31, 2024 Balance Debit Credit Account Title $ 14,300 Cash 12,500 Accounts Receivable 6,300 Office Supplies Land 18,700 52,000 Building Accumulated DepreciationBuilding $ 35,300 18,900 Furniture 13,200 9,500 Accumulated Depreciation Furniture Accounts Payable Salaries Payable 7,400 14,000 Unearned Revenue 69,700 Cole, Capital Cole, Withdrawals 20,500 44,100 Service Revenue 26,000 Salaries Expense Supplies Expense 9,700 Salaries Payable 7,400 Unearned Revenue 14,000 Cole, Capital 69,700 Cole, Withdrawals 20,500 Service Revenue 44,100 26,000 9,700 Salaries Expense Supplies Expense Depreciation Expense-Building Depreciation Expense-Furniture 2,100 700 11,500 Advertising Expense 193,200 $ 193,200 Total 1. 2. Prepare the income statement for the year ending December 31, 2024. Prepare the statement of owner's equity for the year ending December 31, 2024. Assume that there were no contributions made by the owner during the year. 3. Prepare the classified balance sheet as of December 31, 2024. Use the report form. Requirement 1. Prepare the income statement for the year ending December 31, 2024. (Use a minus Online Advertising Services Income Statement Year Ended December 31, 2024 Revenues: Service Revenue 44100 Expenses: Salaries Expense 26000 9700 2100 700 Supplies Expense Accumulated Depreciation-Building Accumulated DepreciationFurniture Advertising Expense Total Expenses 11500 50000 Net Income (Loss) Requirement 2. Prepare the statement of owner's equity for the year ending December 31, 2024. Assume that there were no contributions made by the owner during the year. zero-balance events for the period from the statement of owner's equity) Online Advertising Services Statement of Owner's Equity Year Ended December 31, 2024 Cole, Capital, January 1, 2024 Cole, Capital, December 31, 2024 Requirement 3. Prepare the classified balance sheet as of December 31, 2024. Use the report form. Begin by preparing the asset section of the balance sheet and then prepare the liabilities and owner's equity sections. Online Advertising Services Balance Sheet December 31, 2024 Assets Less: III Less: Liabilities MI Owner's Equity UIT