Village Builders Unlimited specializes in building new homes and remodeling existing homes. Remodeling projects include adding game rooms, changing kitchen cabinets and countertops, and updating bathrooms. Below are the year-end adjusted account balances of Village Builders Unlimited. VILLAGE BUILDERS UNLIMITED Adjusted Account Balances December 31, 2024 Accounts (1) (2) Cash $ 17,900 Accounts Receivable 25,900 Supplies 32,900 Prepaid Insurance 5,100 Land 444,000 Accounts Payable $ 29,100 Salaries Payable 26,100 Utilities Payable 3,100 Notes Payable (due in 5 years) 140,000 Common Stock 219,000 Retained Earnings 20,200 Dividends 24,100 Service Revenuenew construction 469,000 Service Revenueremodeling 245,000 Salaries Expense 141,000 Supplies Expense 266,000 Rent Expense 69,000 Insurance Expense 23,100 Utilities Expense 40,100 Interest Expense 8,400 Service Fee Expense 54,000 Totals $ 1,151,500 $ 1,151,500 Required: Prepare an income statement for the year ended December 31, 2024. Prepare the statement of stockholders equity for the year ended December 31, 2024, note that during the year the company issued additional common stock for $11,000. This amount is included in the amount for Common Stock's adjusted balance. Prepare the classified balance sheet for the year ended December 31, 2024.

Village Builders Unlimited specializes in building new homes and remodeling existing homes. Remodeling projects include adding game rooms, changing kitchen cabinets and countertops, and updating bathrooms. Below are the year-end adjusted account balances of Village Builders Unlimited. Required: 1. Prepare an income statement for the year ended December 31, 2024. 2. Prepare the statement of stockholders' equity for the year ended December 31, 2024, note that during the year the company issued additional common stock for $11,000. This amount is included in the amount for Common Stock's adjusted balance. 3. Prenare the claccified halance sheet for the vear ended Deremher 312024 Prepare an income statement for the year ended December 31, 2024. note that auring tne year tne company issued adaitional common stock tor $ II,UUU. This amount is included in the amount for Common Stock's adjusted balance. 3. 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 statement of stockholders' equity for the year ended December 31,2024 , note that I issued additional common stock for $11,000. This amount is included in the amount for Common repare the classified balance sheet for the year ended December 31, 2024