The adjusted trial balance for Bayside Realty Inc. at November 30, 2024, follows: Requirements Bayside Realty Inc. Adjusted Trial Balance November 30, 2024 ACCOUNT Cash Accounts Receivable Prepaid Rent Supplies Equipment DEBIT $ 10,200 CREDIT 7,300 1,200 800 53,000 Accumulated Depreciation, Equipment Accounts Payable Unearned Service Revenue $ 6,600 5,400 2,700 Interest Payable 610 Salaries Payable Notes Payable Common Shares 3,600 10,250 34,000 Retained Earnings 10,650 Dividends 15,000 Service Revenue 88,000 Interest Revenue 775 Salaries Expense 51,300 Rent Expense 15,825 Depreciation Expense, Equipment 3,800 Utilities Expense 2,700 Interest Expense 960 Supplies Expense Total 500 $162,585 $162,585 1. Prepare Bayside Realty Inc.'s statement of earnings and statement of retained earnings for the year ended November 30, 2024, and year-end statement of financial position. List expenses in decreasing order on the statement of earnings. 2. a. Which financial statement reports Bayside Realty Inc.'s results of operations? Were operations successful during 2024? Cite specifics from the financial statements to support your evaluation. b. Which statement reports the company's financial position?