The December 31, 2024, adjusted trial balance for Badger Corporation is presented below. Credit Debit $30,000 245,000 7,000 49,000 360,000 Accounts Cash Accounts Receivable Prepaid Rent Supplies Land Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Utilities Expense Interest Expense Totals $31,000 30,000 5,000 59,000 395,000 98,000 595,000 419,000 39,000 59,000 5,000 $1,213,000 $1,213,000 Required: 1. Prepare an income statement for the year ended December 31, 2024. 2. Prepare a statement of stockholders' equity for the year ended December 31, 2024, assuming no common stock was issued during 2024. 3. Prepare a classified balance sheet as of December 31, 2024. Income Statement Stmt of Stockholders Equity Balance Sheet Prepare an income statement for the year ended December 31, 2024. BADGER CORPORATION Income Statement For the Year Ended December 31, 2024 Service Revenue $ 595,000 Expenses: Salaries Expense Rent Expense Utilities Expense Interest Expense $ 419,000 39,000 59,000 5,000 Total expenses 522,000 73,000 Net Income $ Income Statement Stmt of Stockholders Balance Sheet Equity Prepare a statement of stockholders' equity for the year ended December 31, 2024, assuming no common stock was issued during 2024. BADGER CORPORATION Statement of Stockholders' Equity For the Year Ended December 31, 2024 Common Stock Retained Earnings Total Stockholders' Equity Balance at January 1 Balance at December 31 Prepare a classified balance sheet as of December 31, 2024. BADGER CORPORATION Balance Sheet December 31, 2024 Assets Liabilities Current assets: Current liabilities: Total current assets 0 Total current liabilities 0 Long-term liabilities: Total liabilities 0 Long-term assets: Stockholders' Equity 0 Total long-term assets Total assets 0 Total stockholders' equity 0 Total liabilities and stockholders' equity $ $ 0