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The December 31, 2024, adjusted trial balance for Coyote Corporation is presented below. Debit $31,000 240,000 5,000 48,000 355,000 Accounts Cash Accounts Receivable Prepaid Rent
The December 31, 2024, adjusted trial balance for Coyote Corporation is presented below. Debit $31,000 240,000 5,000 48,000 355,000 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 418,000 38,000 58,000 6,000 $1,199,000 Credit $30,000 29,000 6,000 58,000 390,000 96,000 590,000 $1,199,000 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.
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