The December 31, 2024, adjusted trial balance for Ostrich Corporation is presented below. Credit Debit $19,000 175,000 4,000 35,000 290,000 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 $17,000 16,000 6,000 45,000 325,000 70,000 525,000 405,000 25,000 45,000 6,000 $1,004,000 $1,004,000 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 co 2024. 3. Prepare a classified balance sheet as of December 31, 2024. Complete this question by entering your answers in the tabs below. Income Stmt 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 31, 2024 MacBook Air 30 F3 QOD 000 F2 so F4 DU FB F5 F6 F7 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 2024. 3. Prepare a classified balance sheet as of December 31, 2024. Complete this question by entering your answers in the tabs below. Income Stmt of Stockholders Balance Sheet Statement Equity Prepare an income statement for the year ended December 31, 2024. OSTRICH CORPORATION Income Statement For the Year Ended December 31, 2024 Expenses Total expenses $1,004,000 $1,004,000 Totals 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 2024. 3. Prepare a classified balance sheet as of December 31, 2024. Complete this question by entering your answers in the tabs below. Stmt of Income Stockholders Balance Sheet Statement Equity Prepare a statement of stockholders' equity for the year ended pecember 31, 2024, assuming no commor during 2024. OSTRICH CORPORATION Statement of Stockholders' Equity For the Year Ended December 31, 2024 Common Stock Retained Earnings Total Stockholders' Equity Balance at January 1 Balance at December 31 Statement SULKEE 3 Ddidice SCLE Equity Prepare a classified balance sheet as of December 31, 2024. OSTRICH CORPORATION Balance Sheet December 31, 2024 Assets Liabilities Current assets: Current liabilities: Total current assets Total current liabilities Long-term liabilities: Total liabilities Long-term assets: Stockholders' Equity Total long-term assets Total assets Total stockholders' equity Total liabilities and stockholders' equity
