Required information $8-$a$.$ Prepare the income statement for the year ended December $31,2024.8-$b$.$ Prepare the classified balance sheet for the year ended December $31,2024.$

$[$The following information applies to the questions displayed below.$]$

The general ledger of Zips Storage at January $1,2024,$ includes the following account balances:

The following is a summary of the transactions for the year:

January $9$ Provide storage services for cash, $$134,100,$ and on account, $$52,200.$

February $12$ Collect on accounts receivable, $$51,500.$

April $25$ Receive cash in advance from customers, $$12,900.$

May $6$ Purchase supplies on account, $$9,200.$

July $15$ Pay property taxes, $$8,500.$

September $10$ Pay on accounts payable, $$11,400.$

October $31$ Pay salaries, $$123,600.$

November $20$ Issue shares of common stock in exchange for $$27,000$ cash.

December $30$ Pay $$2,800$ cash dividends to stockholders.