Boilermaker 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 Boilermaker Unlimited.

Required:
Prepare an income statement, statement of stockholders€™ equity, and classified balance sheet. In preparing the statement of stockholders€™ equity, note that during the year the company issued additional common stock for $30,000. This amount is included in the amount for Common Stock in the adjusted trial balance.

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BOILERMAKER UNLIMITED Adjusted Trial Balance December 31, 2015 Credits $ 16,000 25,000 Accounts Receivable 625,000 Accounts Payable Salaries Payable Utilities Payable Notes Payable (due in 5 years) 2 5 Service Revenue -new construction Service Revenue-remodeling 2 $1,375,000 $1,375,000