The adjusted trial balance for Salem 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.) Revenues: Service Revenue Expenses: Salaries Expense Salem Advertising Services Income Statement Year Ended December 31, 2024 Advertising Expense Depreciation Expense-Building Depreciation Expense-Furniture Supplies Expense Total Expenses Net Income (Loss) Requirements Data table Salem Advertising Services Adjusted Trial Balance December 31, 2024 Balance Account Title Debit Credit Cash $ 13,900 Accounts Receivable 14,500 Office Supplies 5,900 Land 18,100 Building 49,500 Accumulated Depreciation-Building Furniture S 35,200 18,900 - X Accumulated Depreciation-Furniture Accounts Payable 1. Prepare the income statement for the year ending December 31, 2024. 2. Prepare the statement of owner's equity for the year ending December 31, 2024. Assume that there were no contributions made by the owner during the year. Salaries Payable Unearned Revenue Colton, Capital 3. Prepare the classified balance sheet as of December 31, 2024. Use the report form. Print Done 14,300 9,500 7,300 15,000 65,900 Colton, Withdrawals 16,500 Service Revenue 42,500 Salaries Expense 27,000 Supplies Expense 8,900 Depreciation Expense-Building 2,800 Depreciation Expense-Furniture 700 Advertising Expense 13,000 $ 189,700 S 189,700 Total - X