please help with income statement and statment of se

Tony and Suzle graduate from college in May 2024 and begin developing their new business. They begin by offering clinics for basic outdoor activities such as mountain biking or kayaking. Upon developing a customer base, they'll hold their first adventure races, These races will involve four-person teams that race from one checkpoint to the next using a combination of kayaking, mountain biking, orienteering, and trail running. In the long run, they plan to sell outdoor gear and develop a fopes course for outdoor enthusiasts. On July 1, 2024. Tony and Suzie organize their new company as a corporation, Great Adventures incorporated The articles of Incorporation state that the corporation will sell 37,000 shares of common stock for $1 each. Each share of stock represents a unit of ownership. Tony and Suzie will act as co-presidents of the company. The following business activities occur during July for Great Adventures. race froa checkpoint, to checkpoint using a eomblnation of motantain biking. kayaking, orienteering, trail rumning, and rock-elimbing skil1s. The firgt tean in each category to complete all ebeckpolnt. in ordet Wins. The entry fee for each tean 1 s $640. Balary for each tean that conpeten in the race. Hia nalary will be pald atter the race. December 12 Iecorded as a miscellaneous expense. The company purchases racing supplies for 52,900 on accotant due in 30 days. Suppliea thelude trophies for the top-finishing teams in each category, promotional nhirta, anack foodo and drinks for participanto, and field tarkers to prepare the racecourse. December 15. The company receives $25,600 cash from a total of forty teamn, and the race 1 fold. December 16 The corpany pays Vietor'n salary of $1,600. Decepber 31 The company pays a dilvidend of $3,300($1,650 to Tony and $1,650 to 5 taz 3 , 3 , they get married. Suzie accepts and they get marriedi The following information relates to year-end adjusting entries as of December 31, 2024. a. Depreciation of the mountain bikes purchased on July 8 and kayaks purchased on August 4 totals $6,600. b. Six months' of the one-year insurance policy purchased on July 1 has expired. c. Four months of the one-year rental agreement purchased on September 1 has expired. d. Of the $1,800 of office supplies purchased on July 4.$280 remains. e. Interest expense on the $31,000 loan obtained from the city council on August 1 should be recorded. f. Of the $2,900 of racing supplies purchased on December 12,$210 remains. g. Suzie calculates that the company owes $13,800 in income taxes. Prepare the journal entries for transactions. Note: If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Using the dropdown buttons, select the item that accurately describes the values that either increase or decrease the balanc indicated. Select 'Adjusted' from the dropdown, which will then populate the balances in those accounts from the trial balance Unadjusted