Requirement 1. Prepare the income statement for the year ending December 31, 2024. (Use a minus sign or parentheses to show a net loss. If a box is not used in the statement, leave the box empty; do not select a label or enter a zero.) Hampton Advertising Services Income Statement Year Ended December 31, 2024 Net Income (Loss) Requirements 1. 2. Prepare the income statement for the year ending December 31, 2024. Prepare the statement of owner's equity for the year ending December 31, 2024. Assume that there were no contributions made by the owner during the year. 3. Prepare the classified balance sheet as of December 31, 2024. Use the report form. Print Done Hampton Advertising Services Adjusted Trial Balance December 31, 2024 Balance Account Title Debit Credit Cash $ 14,100 Accounts Receivable 12,500 Office Supplies 6,300 Land 18,100 48,000 Building Accumulated DepreciationBuilding 35,300 Furniture 17,600 Accumulated Depreciation Furniture 14,500 Accounts Payable 9,500 Salaries Payable 7,000 Unearned Revenue 17,000 Conway, Capital 53,400 Conway, Withdrawals 16,100 Service Revenue 44,500 Conway, Withdrawals 16,100 Service Revenue 44,500 Salaries Expense 25,000 Supplies Expense 9,600 2,600 Depreciation ExpenseBuilding Depreciation ExpenseFurniture 1,100 10,200 Advertising Expense $ 181,200 $ 181,200 Total