[The following information applies to the questions displayed below.] The general ledger of Jackrabbit Rentals at January 1, 2024, includes the following account balances: Accounts Cash Debits $52,500 Credits Accounts Receivable 36,700 Land 121,800 Accounts Payable $16,400 Notes Payable (due in 2 years) 41,000 Common Stock 111,000 Retained Earnings Totals $211,000 42,600 $211,000 The following is a summary of the transactions for the year: 1. January 12 2. February 25 3. March 19 4. April 30 5. June 16 6. July 7 7. September 30 8. November 22 9. December 30. Provide services to customers on account, $73,400. Provide services to customers for cash, $80,800. Collect on accounts receivable, $46,800. Issue shares of common stock in exchange for $41,000 cash. Purchase supplies on account, $14,300. Pay on accounts payable, $12,400.. Pay salaries for employee work in the current year, $75,200. Pay advertising for the current year, $23,600. Pay $4,000 cash dividends to stockholders. The following information is available for the adjusting entries. Accrued interest on the notes payable at year-end amounted to $3,600 and will be paid January 1, 2025. Accrued salaries at year-end amounted to $2,600 and will be paid on January 5, 2025. Supplies remaining on hand at the end of the year equal $3,400. JACKRABBIT RENTALS Income Statement For the Year Ended December 31, 2024 Service Revenue Expenses: Salaries Expense Advertising expense Supplies Expense + Total Expenses Net Income 0 Current Assets: Assets JACKRABBIT RENTALS Balance Sheet December 31, 2024 Total Current Assets Long-term assets: 0 Liabilities Current Liabilities: Total Current Liabilities Long-Term Liabilities: Total Liabilities $ 0 Stockholders' Equity Total Stockholders' Equity 0 Total Assets 0 Total Liabilities and Stockholders' Equity $ 0 0