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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 $28,000 Credit 225,000 5,000 45,000 340,000 $27,000 26,000 6,000 55,000 375,000 90,000 575,000 415,000 35,000 55,000 6,000 $1,154,000 $1,154,000 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 Income Statement For the Year Ended December 31, 2024 Expenses: Total expenses < Income Statement 0 Stmt of Stockholders Equity >
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