Presented here are the accounts of Hometown Dcor Company for the year ended December 31, 2024. Requirements

Presented here are the accounts of Hometown Décor Company for the year ended December 31, 2024.

Requirements
1. Prepare Hometown Décor Company’s income statement for the year ended December 31, 2024.
2. Prepare the statement of owner’s equity for the year ended December 31, 2024.
3. Prepare the balance sheet as of December 31, 2024.

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Land Notes Payable Property Tax Expense Hunt, Withdrawals Rent Expense Salaries Expense Salaries Payable Service Revenue Office Supplies Hunt, Capital, Dec. 31, 2023 $ 13,000 Owner contribution, 2024 33,000 Accounts Payable 2,800 Accounts Receivable 36,000 Advertising Expense 14,000 Building 67,000 Cash 1,300 Equipment 225,000 Insurance Expense 8,000 Interest Expense 56,000 $ 28,000 14,000 800 17,000 170,400 2,800 17,000 1,700 6,800