The December 31, 2024, adjusted trial balance for Badger Corporation is presented below. Cash Accounts 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 Required: Debit $20,000 185,000 5,000 Credit 37,000 300,000 $19,000 18,000 5,000 47,000 335,000 74,000 535,000 407,000 27,000 47,000 5,000 $1,033,000 $1,033,000 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