Stone 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	$32,600	Service revenue	$123,100
Buildings	141,000	Interest expense	2,600
Salaries expense	64,200	Utilities expense	14,600
Accounts payable	5,500	Equipment	22,500
Cash	4,600	Notes payable	25,500

In addition, the company had common stock of $110,000 at the beginning of the year and issued an additional $11,000 during the year. The company also had retained earnings of $11,300 at the beginning of the year and paid dividends of $4,300 during the year.

Required:

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

Prepare the income statement for Stone Investments.

STONE INVESTMENTS
Income Statement
For the year ended December 31, 2024
?		?
?		?
Expenses:
?	?
?	?
?	?
?	?
?	?
Total expenses
?		?

Prepare the statement of stockholders equity for Stone Investments. Note: Enter amounts to be deducted with a minus sign.

STONE INVESTMENTS
Statement of Stockholders Equity
For the year ended December 31, 2024
	Common Stock	Retained Earnings	Total Stockholders Equity
Beginning balance	?	?	?
?	?	?	?
?	?	?	?
?	?	?	?
Ending balance

Prepare the balance sheet for Stone Investments.

STONE INVESTMENTS
Balance Sheet
December 31, 2024
Assets		Liabilities
?	?	?	?
?	?	?	?
?	?	?	?
?	?
		Total liabilities	0
		Stockholders Equity
		?	?
		?	?
		?	?
		Total stockholders equity	0
Total assets	$0	Total liabilities and stockholders equity	$0