Problem 1-5B (Algo) Prepare financial statements (LO1-3) Schell Corporation provides the following information at the end of 2024. Salaries payable to workers at the end of the year $2,000 Advertising expense for the year Building that has been purchased Supplies at the end of the year Retained earnings Utilities expense for the year Note payable to the bank 9,100 67,000 3,300 32,200 4,700 18,500 Service revenue performed during the year 62,900 Salary expense for the year 25,400 Accounts payable to suppliers 6,400 Dividends paid to shareholders during the year (?) Common stock that has been issued, including $6,000 that was issued this year Cash remaining 27,000 3,900 Interest expense for the year 1,450 Accounts receivable from customers 11,900 Retained earnings at the beginning of the year 19,650 Required: 1. Prepare the income statement for the year ended December 31, 2024. 2. Prepare the statement of stockholders' equity for the year ended December 31, 2024. 3. Prepare the balance sheet for the year ended December 31, 2024.