The December 31, 2024, adjusted trial balance for Coyote 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 $15,000 165,000 6,000 33,000 Credit 280,000 $15,000 14,000 6,000 43,000 315,000 66,000 515,000 403,000 23,000 43,000 6,000 $974,000 $974,000 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. Complete this question by entering your answers in the tabs below. Income Statement Stmt of Stockholders Balance Sheet Equity Prepare an income statement for the year ended December 31, 2024. COYOTE CORPORATION During the year, Wright Company sells 465 remote-control airplanes for $100 each. The company has the following inventory purchase transactions for the year. Nunber of Unit Total Date Transaction Units Cost Cost January 1 May 5 Beginning inventory 50 $81 $4,050 Purchase 245 84 20,580) November 3 Purchase 195 89 17,355 490 $41,985 Calculate ending inventory and cost of goods sold for the year, assuming the company uses FIFO. Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory FIFO Number of units Cost per unit Cost of Goods Available for Sale Number of units Cost per Cost of Goods unit Sold Number of units Cost per unit Ending Inventory Beginning Inventory 50 $ 81 $ 4,050 50 $ 81 $ 4,050 Purchases: May 5 245 84 20,580 245 84 20,580 November 3 195 89 17,355 195 89 17,355 Total 490 $ 41,985 490 $ 41,985 0 $ 0