The December 31, 2024, adjusted trial balance for Ostrich Corporation is presented below. Accounts Debit Credit...

 

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The December 31, 2024, adjusted trial balance for Ostrich Corporation is presented below. Accounts Debit Credit $19,000 Cash Accounts Receivable 175,000 Prepaid Rent Supplies Land Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Utilities Expense Interest Expense Totals 4,000 35,000 290,000 405,000 25,000 $17,000 16,000 6,000 45,000 325,000 70,000 525,000 45,000 6,000 $1,004,000 $1,004,000 Required: 1. Prepare an income statement for the year ended December 31, 2024. 2. Prepare a statement of stockholders' equity for the year ended December 31, 2024, assuming no common stock was issued during 2024. 3. Prepare a classified balance sheet as of December 31, 2024. The December 31, 2024, adjusted trial balance for Ostrich Corporation is presented below. Accounts Debit Credit $19,000 Cash Accounts Receivable 175,000 Prepaid Rent Supplies Land Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Utilities Expense Interest Expense Totals 4,000 35,000 290,000 405,000 25,000 $17,000 16,000 6,000 45,000 325,000 70,000 525,000 45,000 6,000 $1,004,000 $1,004,000 Required: 1. Prepare an income statement for the year ended December 31, 2024. 2. Prepare a statement of stockholders' equity for the year ended December 31, 2024, assuming no common stock was issued during 2024. 3. Prepare a classified balance sheet as of December 31, 2024.