Question: Hello, please help me answer this questioncand provide an explanation for all 3 parts. Thank you! The December 31, 2024 adjusted till balance for Coyote
The December 31, 2024 adjusted till balance for Coyote Corporation is presented below. Credit Debit $22,000 195,000 5,000 39,000 310,000 Account Cash Accounts Receivable Prepaid Rent Supplies Land Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Hent Expense Utilities Expense Interest Expense Totals $21,000 20,000 6.000 49,000 345,000 78,000 $45,000 409,000 29,000 49,000 6,000 51,064,200 $1,064, see 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
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