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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 Payable
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 Credit $22,000 195,000 5,000 39,000 310,000 $21,000 20,000 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. Stmt of Income Statement 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 Balance at January 1 Balance at December 31 COYOTE CORPORATION Statement of Stockholders' Equity For the Year Ended December 31, 2024 Common Stock Retained Total Stockholders' Earnings Equity Prepare a classified balance sheet as of December 31, 2024. COYOTE CORPORATION Assets Current assets: Balance Sheet December 31, 2024 Current liabilities: Total current assets Total current liabilities Long-term liabilities: Long-term assets: Liabiliti Total liabilities Stockholders
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