Requirement 1. Prepare Dog Gone It Daycare's income statement for the year ended December 31, 2024 Data Table Land $ 4,000 C 36,000 A Notes Payable Property Tax Expense Dividends A 3,400 30,000 A 9,000 E Net Income 71.000 C 900 E Rent Expense Salaries Expense Salaries Payable Service Revenue Office Supplies Retained Earnings, Dec. 31, 2023 180,000 14,000 55,000 Requirement 1. Prepare Dog Gone It Daycare's income statement for the year ended December 31, 2024 Data Table Land $ 4,000 C 36,000 A Notes Payable Property Tax Expense Dividends A 3,400 30,000 A 9,000 E Net Income 71.000 C 900 E Rent Expense Salaries Expense Salaries Payable Service Revenue Office Supplies Retained Earnings, Dec. 31, 2023 180,000 14,000 55,000