Steel Construction Unlimited specializes in building new homes and remodeling existing homes. Remodeling projects include adding game rooms, changing kitchen cabinets and countertops, and updating bathrooms. Below is the year-end adjusted trial balance of Steel Construction Unlimited. Accounts Cash Accounts Receivable Supplies Prepaid Insurance Investments (long-term) Accounts Payable Salaries Payable Utilities Payable STEEL CONSTRUCTION UNLIMITED Adjusted Trial Balance December 31, 2024 Notes Payable (due in 5 years) Common Stock Retained Earnings Dividends Service Revenue-new construction Service Revenue-remodeling Salaries Expense Supplies Expense Rent Expense Insurance Expense Utilities Expense Interest Expense Service Fee Expense Totals Debits 16,600 24,500 31,500 6,500 431,000 $ 25,500 155,000 280,000 56,000 24,500 41,500 9,000 68,000 $ 1,169,600 Credits $ 30,500 27,500 4,500 150,000 206,000 30,100 456,000 265,000 $ 1,169,600

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Steel Construction Unlimited specializes in building new homes and remodeling existing homes. Remodeling projects include adding game rooms, changing kitchen cabinets and countertops, and updating bathrooms. Below is the year-end adjusted trial balance of Steel Construction Unlimited. 1. Prepare an income statement for the year ended December 31, 2024. 2. Prepare the statement of stockholders' equity for the year ended December 31, 2024, note that during the year the company issued additional common stock for $25,000. 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 31,2024. Prepare an income statement for the year ended December 31, 2024. Complete this question by entering your answers in the tabs below. Prepare the statement of stockholders' equity for the year ended December 31, 2024, note that during the year the company issued additional common stock for $25,000. This amount is included in the amount for Common Stock in the adjusted trial balance. Prebare the classified balance sheet for the vear ended December 31. 2024