Requirement 1. Prepare the company's income statement for the year ended December 31, 2024. (If a empty, do not select a label or enter a zero. Use a minus sign or parentheses to show a net loss.) Bradley Irrigation System Income Statement Year Ended December 31, 2024 Net Income (Loss) Help Me Solve This e Text Pages Get More Help Cle esc e G Search or type U 7 Requirements 1. Prepare the company's income statement for the year ended December 31, 2024. 2. Prepare the company's statement of owner's equity for the year ended December 31, 2024. (Assume that there were no contributions made by the owner during the year.) 3. Prepare the company's classified balance sheet in report form at December 31, 2024 4. Journalize the closing entries for Bradley Irrigation System. 5. Compute the company current ratio at December 31, 2024. At December 31, 2023, the current ratio was 2.5. Did the company's ability to pay debts improve or deteriorate, or did it remain the same? Print Done e Text Pages Get More Help Clear All MacBook Requirement 1. Prepare the company's income statement for the year ended December 31, 2024. (If a empty, do not select a label or enter a zero. Use a minus sign or parentheses to show a net loss.) Bradley Irrigation System Income Statement Year Ended December 31, 2024 Net Income (Loss) Help Me Solve This e Text Pages Get More Help Cle esc e G Search or type U 7 Requirements 1. Prepare the company's income statement for the year ended December 31, 2024. 2. Prepare the company's statement of owner's equity for the year ended December 31, 2024. (Assume that there were no contributions made by the owner during the year.) 3. Prepare the company's classified balance sheet in report form at December 31, 2024 4. Journalize the closing entries for Bradley Irrigation System. 5. Compute the company current ratio at December 31, 2024. At December 31, 2023, the current ratio was 2.5. Did the company's ability to pay debts improve or deteriorate, or did it remain the same? Print Done e Text Pages Get More Help Clear All MacBook