Problem 3-5A (Static) Prepare financial statements from an adjusted trial balance when net income is positive (LO3-5) Boilermaker Unlimited specializes in building new homes and remodeling existing homes. Remodeling projects include adding game rooms, changing kitchen cabinets and countertops, and updating bathrooms. Below is the year-end adjusted trial balance of Boilermaker Unlimited. BOILERMAKER UNLIMITED Adjusted Trial Balance December 31, 2024 Accounts Debits Credits Cash $ 16,000 Accounts Receivable 25,000 Supplies 32,000 Prepaid Insurance 7,000 Investments (long-term) 425,000 Accounts Payable $ 31,000 Salaries Payable 28,000 Utilities Payable 5,000 Notes Payable (due in 5 years) 150,000 Common Stock 200,000 Retained Earnings 31,000 Dividends 26,000 Service Revenuenew construction 450,000 Service Revenueremodeling 280,000 Salaries Expense 160,000 Supplies Expense 285,000 Rent Expense 50,000 Insurance Expense 25,000 Utilities Expense 42,000 Interest Expense 9,000 Service Fee Expense 73,000 Totals $ 1,175,000 $ 1,175,000 Required: Prepare an income statement for the year ended December 31, 2024. Prepare the statement of stockholders equity for the year ended December 31, 2024, note that during the year the company issued additional common stock for $30,000. This amount is included in the amount for Common Stock in the adjusted trial balance. Prepare the classified balance sheet for the year ended December 31, 2024.