Presented here are the accounts of Hometown Dcor Company for the year ended December 31, 2024. (Click the icon to view the accounts.) Read the requirements. Requirement 1. Prepare Hometown Decor Company's income statement for the year ended December 31, 2024. Net Income Requirement 2. Prepare the statement of owner's equity for the year ended December 31, 2024. Enter any increases in capital prior to the subtotal and any decreases to capital below the subtotal. Data table Land $ 13,000 Owner contribution, 2024 $ 28,000 33,000 14,000 2,800 800 Accounts Payable Accounts Receivable Advertising Expense Building 36,000 14,000 Notes Payable Property Tax Expense Hunt, Withdrawals Rent Expense Salaries Expense Salaries Payable Service Revenue Office Supplies Hunt, Capital, Dec. 31, 2023 17,000 170,400 2,800 Cash 67,000 1,300 17,000 225,000 8,000 56,000 1,700 Equipment Insurance Expense Interest Expense 6,800 Presented here are the accounts of Hometown Dcor Company for the year ended December 31, 2024. E: (Click the icon to view the accounts.) Read the requirements. Requirement 2. Prepare the statement of owner's equity for the year ended December 31, 2024. Enter any increases in capital prior to the subtotal and any decreases to capital below the subtotal. Hunt, Capital, January 1, 2024 Hunt, Capital, December 31, 2024 Requirement 3. Prepare the balance sheet as of December 31, 2024. Assets Liabilities Requirement 3. Prepare the balance sheet as of December 31, 2024 Assets Liabilities Owner's Equity