Required information [The following information applies to the questions displayed below.) The December 31, 2021, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. Credit $ Accounts Debit Cash $ 12,000 Accounts Receivable 150,000 Prepaid Rent 6,000 Supplies 30,000 Equipment 400,000 Accumulated Depreciation Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense 400,000 Rent Expense 20,000 Depreciation 40,000 Expense Interest Expense 5,000 Totals $1,063,000 135,000 12,000 11,000 5,000 40,000 300,000 60,000 500,000 $1,063,000 Required: 1. Prepare an income statement for the year ended December 31, 2021. FIGHTIN' BLUE HENS CORPORATION Income Statement For the Year Ended December 31, 2021 Expenses: Total expenses Ciel Required information [The following information applies to the questions displayed below.) The December 31, 2021, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. Credit Debit 12,000 150,000 6,000 30,000 400,000 $ Accounts Cash Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Depreciation Expense Interest Expense Totals 135,000 12,000 11,000 5,000 40,000 300,000 60,000 500,000 400,000 20,000 40,000 5,000 $1,063,000 $1,063,000 2. Prepare a statement of stockholders' equity for the year ended December 31, 2021, assuming no common stock was issued during 2021. FIGHTIN' BLUE HENS CORPORATION Statement of Stockholders' Equity For the Year Ended December 31, 2021 Total Common Retained Stockholders' Stock Earnings Equity Balance at January 1 Less: Dividends Balance at December 31 Required information [The following information applies to the questions displayed below.) The December 31, 2021, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. Credit $ Accounts Debit Cash 12,000 Accounts Receivable 150,000 Prepaid Rent 6,000 Supplies 30,000 Equipment 400,000 Accumulated Depreciation Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense 400,000 Rent Expense 20,000 Depreciation 40,000 Expense Interest Expense 5,000 Totals $1,063,000 135,000 12,000 11,000 5,000 40,000 300,000 60,000 500,000 $1,063,000 3. Prepare a classified balance sheet as of December 31, 2021. (Amounts to be deducted should be indicated by a minus sign.) FIGHTIN' BLUE HENS CORPORATION Balance Sheet December 31, 2021 Liabilities Current liabilities: Assets Current assets: Total current assets Total current liabilities Total liabilities Stockholders' Equity Long-term assets: Total long-term assets Total assets Total stockholders' equity Total liabilities and stockholders' equity