The December 31, 2024, adjusted trial balance for Badger Corporation is presented below.

Accounts	Debit	Credit
Cash	$21,000
Accounts Receivable	200,000
Prepaid Rent	7,000
Supplies	40,000
Land	315,000
Accounts Payable		$22,000
Salaries Payable		21,000
Interest Payable		5,000
Notes Payable (due in two years)		50,000
Common Stock		350,000
Retained Earnings		80,000
Service Revenue		550,000
Salaries Expense	410,000
Rent Expense	30,000
Utilities Expense	50,000
Interest Expense	5,000
Totals	$1,078,000	$1,078,000

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.