Russell Engineering provides consulting services related to land development. Below is the year-end adjusted trial balance of Russell Engineering.

RUSSELL ENGINEERING
Adjusted Trial Balance
December 31, 2021
Accounts	Debits				Credits
Cash	$	5,500
Accounts Receivable		4,200
Supplies		2,300
Prepaid Rent		6,100
Equipment		114,000
Accumulated Depreciation					$	25,000
Accounts Payable						3,600
Salaries Payable						3,500
Utilities Payable						1,500
Notes Payable (due in 4 years)						20,000
Common Stock						44,800
Retained Earnings						20,200
Service Revenue						118,500
Salaries Expense		45,000
Rent Expense		17,600
Depreciation Expense		6,000
Supplies Expense		9,400
Advertising Expense		15,000
Utilities Expense		10,800
Interest Expense		1,200
Totals	$	237,100			$	237,100

Required: 1. Prepare an income statement for the year ended December 31, 2021. 2. Prepare the statement of stockholders equity, note that during the year the company issued additional common stock of $8,000. This amount is included in the amount for Common Stock in the adjusted trial balance. 3. Prepare the classified balance sheet for the year ended December 31, 2021. (Amounts to be deducted should be indicated by a minus sign.)