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The adjusted trial balance for Online Advertising Services is presented below (Click on the icon to view the adjusted trial balance.) Read the requirements. Requirement

image text in transcribedimage text in transcribed The adjusted trial balance for Online Advertising Services is presented below (Click on the icon to view the adjusted trial balance.) Read the requirements. Requirement 1. Prepare the income statement for the year ending December 31, 2024. (Use a minus sign or parentheses to show a net loss. If a box is not used in the statement, leave the box empty, do not select a label or enter a zero.) Online Advertising Services Income Statement Year Ended December 31, 2024 Expenses: Revenues Total Assets Total Expenses Total Liabilities Total Liabilities and Stockholders' Equity Total Stockholders' Equity presented belo Data table er ending Decemb es 2024 Balance Account Title Debit Credit Cash $ 14,000 Accounts Receivable 14,500 Office Supplies 6,300 Land 18,200 Building 51,600 Accumulated Depreciation-Building 35,200 Furniture 19,200 Accumulated Depreciation-Furniture 12,900 Accounts Payable 9,600 Salaries Payable 7,000 Unearned Revenue 18.000 Common Stock 30,500 Retained Earnings 36,600 Dividends. 19,200 Service Revenue 44,500 Salaries Expense 27,500 Supplies Expense 9.300 Depreciation Expense-Building 2.700 Depreciation Expense Furniture 800 11,000 Advertising Expense 194,300 $ 194,300 Total Xre: 0%, C nts: 0 of 1 13 eave the box

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