The general ledger of Zips Storage at January 1, 2024, Includes the following account balances: Accounts Cash Accounts Receivable Prepaid Insurance Land Accounts Payable Debits $25,900 Credits 16,700 14,600 161,000 Deferred Revenue Common Stock Retained Earnings Totals $8,000 7,100 156,000 47,100 $218,200 $218, 200 The following is a summary of the transactions for the year: 1. January 9 2. February 12 3. April 25 4. May 6 5. July 151 6. September 10 7. October 31 8. November 20 9. December 30 Provide storage services for cash, $147,100, and on account, $58,700. Collect on accounts receivable, $52,800. Receive cash in advance from customers, $14,200. Purchase supplies on account, $11,800. Pay property taxes, $9,800. Pay on accounts payable, $12,700. Pay salaries, $136,600. Issue shares of common stock in exchange for $40,000 cash. Pay $4,100 cash dividends to stockholders. Problem 3-9A (Algo) Part 8 8-a. Prepare the income statement for the year ended December 31, 2024. 8-a. Prepare the income statement for the year ended December 31, 2024. Expenses: ZIPS STORAGE Income Statement For the Year Ended December 31, 2024 Total Expenses 3-b. Prepare the classified balance sheet for the year ended December 31, 2024. ZIPS STORAGE Balance Sheet December 31, 2024 Assets Current assets: Total current assets Long-term assets Total assets Liabilities Current liabilities Total current liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity