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The December 31, 2024, adjusted trial balance for Coyote Corporation is presented below. Accounts Cash Accounts Receivable Prepaid Rent Supplies Land Accounts Payable Salaries
The December 31, 2024, adjusted trial balance for Coyote Corporation is presented below. 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 Required: Debit $22,000 Credit 195,000 5,000 39,000 310,000 $21,000 20,000 I 6,000 49,000 345,000 78,000 545,000 409,000 29,000 49,000 6,000 $1,064,000 $1,064,000 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 a statement of stockholders' equity for the year ended December 31, 2024, assuming no common stock was issued during 2024. Balance at January 1 Balance at December 31 COYOTE CORPORATION Statement of Stockholders' Equity For the Year Ended December 31, 2024 Common Stock Retained Earnings Total Stockholders' Equity 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 Income Statement For the Year Ended December 31, 2024 Expenses: 0 Total expenses Equity Prepare a classified balance sheet as of December 31, 2024. COYOTE CORPORATION Balance Sheet December 31, 2024 Assets Current assets: Liabilities Current liabilities: Total current assets 0 Total current liabilities Long-term liabilities: Long-term assets: Total liabilities Stockholders' Equity Total long-term assets 0 Total stockholders' equity Total assets $ 0 Total liabilities and stockholders' equity $ 0 0
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