Orange Designs provides consulting services related to home decoration. Orange Designs provides customers with recommendations for a full range of home d?cor, including window treatments, carpet and wood flooring, paint colors, furniture, and much more. Below is the year-end adjusted trial balance of Orange Designs. ? ?

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 of $11,000. This amount is included in the amount for Common Stock in the adjusted trial balance.

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ORANGE DESIGNS Adjusted Trial Balance December 31, 2021 Debits Credits Accounts $ 6,000 Cash Accounts Receivable 5,000 Supplies Prepaid Rent Buildings Accumulated Depreciation Accounts Payable Salaries Payable Utilities Payable Notes Payable (due in four years) 3,000 7,000 120,000 $ 22,000 4,000 5,000 1,100 30,000 Common Stock 60,000 16,000 111,900 Retained Earnings Service Revenues Salaries Expense 43,000 Rent Expense 19,000 8,000 Depreciation Expense Supplies Expense Advertising Expense Utilities Expense Interest Expense 9,000 14,000 13,000 3,000 $250,000 $250,000 Totals