The December 31, 2024, adjusted trial balance for Ostrich 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 Debit Credit $31,000 235,000 4,000 47,000 350,000 $29,000 28,000 5,000 57,000 385,000 94,000 585,000 417,000 37,000 57,000 5,000 $1,183,000 $1,183,000 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. Stmt of Income Statement Stockholders Balance Sheet Equity Prepare an income statement for the year ended December 31, 2024. OSTRICH CORPORATION Income Statement For the Year Ended December 31, 2024 Expenses: 0 Total expenses Income Statement Stmt of Stockholders Balance Sheet Equity Prepare a statement of stockholders' equity for the year ended December 31, 2024, assuming no com during 2024. Balance at January 1 Balance at December 31 OSTRICH CORPORATION Statement of Stockholders' Equity For the Year Ended December 31, 2024 Common Stock Total Retained Earnings Stockholders' Equity Stmt of Income Statement Stockholders Balance Sheet Equity Prepare a classified balance sheet as of December 31, 2024. OSTRICH CORPORATION Assets Current assets: Balance Sheet December 31, 2024 Current liabilities: Total current assets 0 Total current liabilities Long-term liabilities: Long-term assets: Liabilities Total liabilities 0 Stockholders' Equity Total long-term assets 0 Total stockholders' equity 0 Total assets $ 0 Total liabilities and stockholders' equity $ 0 0