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 $ 11,500 145,000 5,500 27,500 350,000 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 $130,000 11,500 10,500 4,500 35,000 250,000 55,000 450,000 350,000 17,500 35,000 4,500 $946,500 $946,500 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 0 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 Common Retained Stock Earnings Total Stockholders' Equity Balance at January 1 Less: Dividends Balance at December 31 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 Agata Llabilities Currents: Current liabilities: Total current assets 0 Talal current liabilities Total liabilities Long-term assets Stockholders' Equity 0 Total long-term assets Total assets 0 Total stockholders' equity Total liabilities and stockholders' equity