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 is the year-end adjusted trial balance of Village Builders Unlimited. Accounts Cash Accounts Receivable Supplies Prepaid Insurance Investments (long-term). Accounts Payable Salaries Payable VILLAGE BUILDERS UNLIMITED Adjusted Trial Balance. December 31, 2024 Utilities Payable Notes Payable (due in 5 years) Common Stock Retained Earnings Dividends Service Revenue-new construction Service Revenue-remodeling Salaries Expense Supplies Expense Rent Expense Insurance Expense Utilities Expense Interest Expense Service Fee Expense Totals Debits $ 16,700 24,600 Credits 31,600 6,600 432,000 $ 30,600 27,600 25,600 156,000 281,000 57,000 24,600 41,600 6,600 69,000 $ 1,172,900 4,600 110,000 207,000 68,100 457,000 268,000 $ 1,172,900 Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 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 $26,000. This amount is included in the amount for Common Stock in the adjusted trial balance. VILLAGE BUILDERS UNLIMITED Statement of Stockholders' Equity For the Year Ended December 31, 2024 Common Stock Retained Earnings Total Stockholders' Equity Balance at January 1 $ 68,100 Add: Issuance of common stock 26,000 Add: Net Income Less: Dividends Balance at December 31 89,200 (25,600) $ 131,700 Assets VILLAGE BUILDERS UNLIMITED Balance Sheet December 31, 2024 Liabilities Current Assets: Current Liabilities: Cash $ 16,700 Accounts Payable Accounts Receivable Supplies Prepaid Insurance 24,600 Salaries Payable 31,600 Utilities Payable $ 30,600 27,600 4,600 6,600 Total Current Assets 79,500 Total Current Liabilities 62,800 Long-term Assets: Long-term Liabilities: Investments (long-term) 432,000 Notes Payable 110,000 ( Total Liabilities $ 172,800 Stockholder's Equity Common Stock 233,000 Retained Earnings 131,700 Total Stockholders' Equity 364,700 $ $ Total Assets 511,500 Total Liabilities and Stockholders' Equity 537,500