pls help asap

The following information relates to year-end adjusting entries as of December 31, a. Depreciation of the mountain bikes purchased on July 8 and kayaks purchased 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 e: d. Of the $1,200 of office supplies purchased on July 4,$290 remains. e. Interest expense on the $49,000 loan obtained from the city council on August 1 f. Of the $2,500 of racing supplies purchased on December 12,$160 remains. g. Suzie calculates that the company owes $13,400 in income taxes. WWP-1 (Algo) Great Adventures Continuing Problem Part 5 5. For the period July 1 to December 31,2024 , prepare an income statement, statement of sheet. Complete this question by entering your answers in the tabs below. For the period July 1 to December 31, 2024, prepare a statement of stockholders' equity. All ac zero. For the period July 1 to December 31,2024 , prepare an income statement. The following information relates to year-end adjusting entries as of Decernber 31,2024 . a. Depreciation of the mountain bikes purchased on July 8 and kayaks purchased on August 4 totals $7,000. 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 $1,200 of office supplies purchased on July 4,$290 remains. e. Interest expense on the $49,000 loan obtained from the city council on August 1 should be recorded. f. Of the $2,500 of racing supplies purchased on December 12,$160 remains. 9. Suzie calculates that the company owes $13,400 in income taxes. RWP3-1 (Algo) Great Adventures Continuing Problem Part 4 4. Prepare an adjusted trial balance as of December 31, 2024. 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 ropes course for outdoor enthusiasts. On July 1, 2024, Tony and Suzie organize their new company as a corporation, Great Adventures Incorporated The articies of incorporation state that the corporation will sell 25,000 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. July 1 Sel1 $12,500 of conmon stock to Suzie. July 1 Sel1 $12,500 of common stock to Tony. July 1 Purchase a one-year insurance policy for $5,280 ( $440 per month) to cover injuries to July 2 July 4 July 7 July 8 July is July 22 Ju1y 24 July 30 participants during outdoor elinies. Pay legal fees of $1,700 associated with incorporation. Purchase office supplies of $1,200 on account. Pay $380 to a local newspaper for advertising to appear imadiately for an upcoming nountain biking clinic to be held on July 15 . Attendees will be charged $60 the day of the clinic. Purchase 10 nountain bikes, paying $18,000 cash. On the day of the elinic, Great Adventures receives cash of $3,600 in total froe 60 bikers. Tony and Suzie condocts the mountain biking elinic. Because of the success of the firat mountain biking clinic, Tony and suzie holds another mountain biking clinic and the company receives $4,150. Pay $820 to a local radio station for advertising to appear imediately. A kayaking elinic will be held on August 10 , and attendees can pay $140 in advance or $190 on the day of the elinic. Great Adventures receives total cash of $8,400 in advance from 60 kayakers for the upconing kayak clinie. The following transactions occur over the remainder of 2024 . hugust 1 Great Adventures obtains a 549,000 low-interest loan for the company from the eity council, which has recently passed an initiative encouraging businesil developent related to outdoor Auguset 10 Auguet 17 August 24 September Tony advy and surie condact the firat kayak olinic. In addition to the $8,400 that was received in kayaker from kayakers on Jaly 30 , the company receivea additional cash of $3,800 from twenty nes kayaker: on the day of the clinic. Tony and suzie conducts a second kayak elinic, and the company receives $12,400 cash. oftice supplies of $1,200 purchased on July 4 are paid in full. 1 to 10 storage Sieptenber 21 Tony and sor one year, paying $4,200 ( 5350 per nonth) in advance. october 17 Tony and Suzie conduet rock-elimbing elinie. The company receives $13,500 cash. topographleole conduct on orienteering elinic. Participanta practice how to underatand a The company receives 529,600 cash. December 1 Tony and Suzie decide to hold the company'a first adventure race on December 15. Four-person teami WII race froe checkpoint to checkpoint using a combination of nountain biking, kayaking. orienteoring, trail running, and rock=climbing okilili. The firat team in each category to complete all checkpoints in order wine, The entry fee for esch tean is $530. December 5 To belp organize and promote the race, Tony hirem his college roomate, Victor. Victor will be paid 560 in salary for each tean that competes in the race, Iis salory will be paid after the race. December 8 December 12 The conpany pays $1,300 to purchase a permit from a state park where the race will be held. The amount is recorded as a miscellaneovi expense. The company purchases racing supplies for $2,500 on account due in 30 days. Supplieil inelude trophies for the top-tiniahing teami in each category, promotional whirta, snack foods and drinks for participants, and field markera to prepare the racecourae. December is The coepany receivea 521,200 eash froe a cotal of forty teana, and the race in held. Decenber if The company pays Victor's salary of $2,400. December 31 The company pays a dividend of $3,500($1,900 to Fony and $1,900 to 5 uaie). Prepare a classified balance sheet as of December 31, 2024. (Amounts to be deducted should be indicated by a minus sign