Required information [The following information applies to the questions displayed below] The general ledger of Jackrabbit Rentals at January 1, 2024, includes the following account balances Accounts Cash Debits Credits $43,500 Accounts Receivable 27,700 Land 112,800 Accounts Payable $15,500 Notes Payable (due in 2 years) 32,000 Common Stock 102,000 Retained Earnings 34,500 Totals $184,000 $184,000 The following is a summary of the transactions for the year 1. January 12 2. February 25 3. March 191 4. April 30. 5. June 16 6. July 7 7. September 30 8. November 22 9. December 30 Provide services to customers on account, $64,400. Provide services to customers for cash, $76,300. Collect on accounts receivable, $45,900. Issue shares of common stock in exchange for $32,000 cash. Purchase supplies on account, $12,500. Pay on accounts payable, $11,500. Pay salaries for employee work in the current year, $66,200. Pay advertising for the current year, $22,700. Pay $3,100 cash dividends to stockholders The following information is available for the adjusting entries Accrued interest on the notes payable at year-end amounted to $2,700 and will be paid January 1, 2025 Accrued salaries at year-end amounted to $1,700 and will be paid on January 5, 2025 Supplies remaining on hand at the end of the year equal $2.500 bk Complete this question by entering your answers in the tabs below. Required A Required B Prepare the income statement for the year ended December 31, 2024. JACKRABBIT RENTALS Income Statement For the Year Ended December 31, 2024 nt D ences Expenses Total Expenses nt ences Required information Prepare the classified balance sheet for the year ended December 31, 2024. JACKRABBIT RENTALS Assets Current Assets Balance Sheet December 31, 2024 Liabilities Current Liabilities Total Current Liabilities Long-Term Liabilities Total Current Assets Long-term assets Total Liabilities Total Assets Stockholders' Equity Total Stockholders' Equity 0 Total Liabilities and Stockholders' Equity $ 0 < Required A Required B 0