The adjusted trial balance of Bertrand imgation System at December 31, 2004, follows Click the icon to see the adjusted trial balance) Head the requiments Requirement 1. Prepare the company's income statement for the year ended December 31, 2004 of a box is not used an the statement, leave the bos empty, do not select a sabel or enter a arc Use a minus sign of parentheses to show a net loss Bertrand Imgation System Income Statement Year Ended December 31, 2024 Net Incom Help me solve this Demodocs example Get more help. Clear all Check answer na Data table Bertrand Irrigation System Adjusted Trial Balance December 31, 2024 - X Balance Account Title Debit Credit mer n Cash $ 12,800 ste Accounts Receivable 45,700 t Office Supplies 13,700 1. Prepaid Insurance 4,600 Building 62,000 Accumulated Depreciation-Building 24,900 Equipment 25,000 Accumulated Depreciation-Equipment 6,400 Accounts Payable 27,600 Interest Payable 400 Salaries Payable 2,700 Unearned Revenue 1,300 Notes Payable (long-term) 11,900 Common Stock Retained Earnings Dividends 10,000 30,000 3,500 Print Done Data table Prepaid Insurance 4,600 Building 62,000 Accumulated Depreciation-Building 24,900 Equipment 25,000 Accumulated Depreciation-Equipment 6,400 Accounts Payable 27,600 Interest Payable 400 Salaries Payable 2,700 Unearned Revenue 1,300 Notes Payable (long-term) 11,900 Common Stock 10,000 Retained Earnings Dividends 30,000 3,500 Service Revenue Insurance Expense Salaries Expense Supplies Expense 75,200 g 600 16,600 1,400 Interest Expense Depreciation Expense-Equipment 400 2,200 Depreciation Expense-Building 1,900 $ 190,400 $ 190,400 Total Get more help. Print Done Requirements 1. Prepare the company's income statement for the year ended December 31, 2024. 2. Prepare the company's statement of retained earnings for the year ended December 31, 2024. 3. Prepare the company's classified balance sheet in report form at December 31, 2024. 4. Journalize the closing entries for Bertrand Irrigation System. 5. Compute the company's current ratio at December 31, 2024. At December 31, 2023, the current ratio was 2.6. Did the company's ability to pay debts improve or deteriorate, or did it remain the same? Print Done