Prepare the income statement for the year ended December 31, 2024 The general ledger of Black Cloud Cleaners at January 1, 2024, includes the following account balances: The following is a summary of the transactions for the year: 1.March122.May23.June304.August15.September256.October197.December30Provideservicestocustomers,$49,000,ofwhich$19,900isonaccount.Collectonaccountsreceivable,$16,900.Issuesharesofcommonstockinexchangefor$4,000cash.Paysalariesof$7,700from2023(prioryear).Payrepairsandmaintenanceexpenses,$11,900.Purchaseequipmentfor$6,900cash.Pay$1,200cashdividendstostockholders. 1. March 12 Provide services to customers, $49,000, of which $19,900 is on account. 2. May 2 Collect on accounts receivable, $16,900. 3. June 30 Issue shares of common stock in exchange for $4,000 cash. 4. August 1 Pay salaries of $7,700 from 2023 (prior year). 5. September 25 Pay repairs and maintenance expenses, $11,900. 6. October 19 Purchase equipment for $6,900cash. 7. December 30 Pay $1,200cash dividends to stockholders. Required: 2. Record each of the summary transactions listed above. 4. Prepare an unadjusted trial balance. 5. Record adjusting entries. Accrued salaries at year-end amounted to $19,700. Depreciation for the year on the equipment is $3,900. Office supplies remaining on hand at the end of the year equal $1,100. 7. Prepare an adjusted trial balance. 8-a. Prepare the income statement for the year ended December 31, 2024. 8-b. Prepare the classified balance sheet for the year ended December 31, 2024. 9. Record closing entries. 1., 3., 6., \& 10. Post the transactions, adjusting entries and closing entries to the T-accounts. Be sure to include beginning balances. 11. Prepare a post-closing trial balance. Record closing entries. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Prenare an adiusted trial halance. Prepare the classified balance sheet for the year ended December 31,2024 . (Amounts to be deducted should be indicated by a mi sign.) Post the transactions, adjusting entries and closing entries to the T-accounts. Be sure to include beginning balances. Prepare a post-closing trial balance