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.

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 $$26,000.$ This amount is included in the amount for Common Stock in the adjusted trial balance.

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