Problem 1-5A (Algo) Prepare financial statements (LO1-3) Swanson Company provides the following information at the end of 2024. Cash remaining Rent expense for the year Land that has been purchased Retained earnings Utility expense for the year. Accounts receivable from customers: $4,700 6,900 20,000 12,300 4,800 Service revenue recognized during the year Salary expense for the year 7,100 36,500 13,200 Accounts payable to suppliers 2,150. Dividends paid to shareholders during the year 3,100 Common stock that has been issued prior to 2024 15,000 Salaries owed at the end of the year 2,350 Insurance expense for the year. 3,400 Retained earnings at the beginning of the year 7,200 No common stock is issued during 2024. Required: 1. Prepare the income statement for Swanson Company on December 31, 2024. 2. Prepare the statement of stockholders' equity for Swanson Company on December 31, 2024. 3. Prepare the balance sheet for Swanson Company on December 31, 2024.