Shell Investments provides financial services related to investment selections, retirement planning, and general insurance needs. At the end of the year on December 31, 2024, the company reports the following amounts:

Advertising expense$32,500Service revenue$122,600Buildings140,000Interest expense2,500Salaries expense64,100Utilities expense14,500Accounts payable5,400Equipment22,000Cash4,500Notes payable25,000

In addition, the company had common stock of $100,000 at the beginning of the year and issued an additional $10,000 during the year. The company also had retained earnings of $21,300 at the beginning of the year and paid dividends of $4,200.

Required:

1. Prepare the income statement for Shell Investments.
2. Prepare the statement of stockholders equity for Shell Investments.
3. Prepare the balance sheet for Shell Investments.

Required: 1. Prepare the income statement for Shell Investments. 2. Prepare the statement of stockholders' equity for Shell Investments. 3. Prepare the balance sheet for Shell Investments. Complete this question by entering your answers in the tabs below. Required: 1. Prepare the income statement for Shell Investments. 2. Prepare the statement of stockholders' equity for Shell Investments. 3. Prepare the balance sheet for Shell Investments. Complete this question by entering your answers in the tabs below. Prepare the statement of stockholders' equity for Shell Investments. Required: 1. Prepare the income statement for Shell Investments. 2. Prepare the statement of stockholders' equity for Shell Investments. 3. Prepare the balance sheet for Shell Investments. Complete this question by entering your answers in the tabs below. Prepare the income statement for Shell Investments