$[$The following information applies to the questions displayed below.$][$The following information applies to the questions displayed below.$]$

The general ledger of Jackrabbit Rentals at January $1,2024,$ includes the following account balances:

The following is a summary of the transactions for the year:

January $12$

February $25$

March $19$

April $30$

June $16$

July $7$

September $30$

November $22$

December $30$

Provide services to customers on account, $$76,400.$

Provide services to customers for cash, $$82,300.$

collect on accounts receivable, $$47,100.$

Issue shares of common stock in exchange for $$44,000$ cash.

Purchase supplies on account, $$14,900.$

Pay on accounts payable, $$12,700.$

Pay salaries for employee work in the current year, $$78,200.$

Pay advertising for the current year, $$23,900.$

Pay $$4,300$ cash dividends to stockholders.

The following information is available for the adjusting entries.

Accrued interest on the notes payable at year$-$end amounted to $$3,900$ and will be paid January $1,2025.$ Accrued

salaries at year$-$end amounted to $$2,900$ and will be paid on January $5,2025.$ Supplies remaining on hand at the

end of the year equal $$3,700.$

$8-$a$.$ Prepare the income statement for the year ended December $31,2024.$

$8-$b$.$ Prepare the classified balance sheet for the year ended December $31,2024.$

Complete this question by entering your answers in the tabs below.

Required B

Prepare the classified balance sheet for the year ended December $31,2024.$

The general ledger of Jackrabbit Rentals at January $1,2024,$ includes the following account balances:

The following is a summary of the transactions for the year:

January $12$

February $25$

March $19$

April $30$

June $16$

July $7$

September $30$

November $22$

December $30$

Provide services to customers on account, $$76,400.$

Provide services to customers for cash, $$82,300.$

Collect on accounts receivable, $$47,100.$

Issue shares of common stock in exchange for $$44,000$ cash.

Purchase supplies on account, $$14,900.$

Pay on accounts payable, $$12,700.$

Pay salaries for employee work in the current year, $$78,200.$

Pay advertising for the current year, $$23,900.$

Pay $$4,300$ cash dividends to stockholders.

The following information is available for the adjusting entries.

Accrued interest on the notes payable at year$-$end amounted to $$3,900$ and will be paid January $1,2025.$ Accrued

salaries at year$-$end amounted to $$2,900$ and will be paid on January $5,2025.$ Supplies remaining on hand at the

end of the year equal $$3,700.$

$8-$a$.$ Prepare the income statement for the year ended December $31,2024.$

$8-$b$.$ Prepare the classified balance sheet for the year ended December $31,2024.$

Complete this question by entering your answers in the tabs below.

Prepare the income statement for the year ended December $31,2024.$