Question: I need help with requirement 3. The white boxes is where I keep getting wrong. Presented here are the accounts of Hometown Decor Company for




I need help with requirement 3. The white boxes is where I keep getting wrong.
Presented here are the accounts of Hometown Decor Company for the year ended December 31, 2024 (Click the icon to view the accounts.) Read the requirements OR Requirement 1. Prepare Hometown Decor Company's income statement for the year ended December 31, 2024. Hometown Decor Company Income Statement Year Ended December 31, 2024 Revenues Service Revenue $ 225.000 Expenses Salaries Expense $ 67 000 Rent Expense 14 000 2,800 Property Tax Expense Advertising Expense 17 000 Interest Expense 6.800 Insurance Expense 1,700 109,300 Total Expenses $ 115,700 Net Income Requirement 2. Prepare the statement of retained earnings for the year ended December 31, 2024. $ 115,700 Net Income Requirement 2. Prepare the statement of retained earnings for the year ended December 31, 2024. Hometown Decor Company Statement of Retained Earnings Year Ended December 31, 2024 Retained Earnings, Dec. 31, 2023 69 56,000 115.700 Net income for the year 171.700 Dividends (36.000) $ 135,700 Retained Earings, Dec 31, 2024 Requirement 3. Prepare the balance sheet as of December 31, 2024. (If a box is not used in the table leave the box empty, do n- Hometown Decor Company Balance Sheet December 31, 2024 R. Dividends (36,000) Retained Earnings Dec. 31. 2024 135,700 Requirement 3. Prepare the balance sheet as of December 31, 2024. (If a box is not used in the table leave the box empty do not select a label or enter a zero.) Hometown Decor Company Balance Sheet December 31, 2024 Assets Liabilities Cash $ 2,800 Accounts Payable 16,000 Land 13,000 Accounts Payable 16,000 Office Supplies 8,000 Notes Payable 33.000 170,400 Total Liabilities 79.700 Building Equipment 17 000 Stockholders' Equity Accounts Receivable 800 Common Stock 28 000 Retained Earnings 135,700 Total Stockholders' Equity 183 700 212.000 Total Assets Total Liabilities and Stockholders' Equity Help me solve this Etext pages Calculator - X X Data table Land $ 13,000 Common Stock $ 28,000 Notes Payable 33.000 Accounts Payable 14.000 2,800 800 Accounts Receivable Property Tax Expense 202 36,000 Dividends 17,000 Advertising Expense Com 14,000 Rent Expense 170,400 Building neet 67.000 Cash 2,800 1,202 Salaries Expense Salaries Payable 17,000 Equipment 1.300 1,700 225.000 Service Revenue Insurance Expense Interest Expense ts Paya 6.800 8,000 nts Paya Office Supplies Retained Earnings, Dec 31, 2023 56,000 Payable Liabilities Print Done mon Stock
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