Instructions a$.$ Prepare an income statement for the year ended December $31,2024,$ that includes amounts for gross profit, income before income taxes, and net income. List expenses $($other than cost of goods sold and income tax expense$)$ in order, from the largest to the smallest dollar balance. You may ignore earnings per share. b$.$ Prepare a statement of retained earnings for the year ending December $31,2024,$ showing the beginning balance, changes during the year, and the ending balance. c$.$ Prepare a statement of financial position $($balance sheet$)$ as of December $31,2024,$ following these guidelines: $$ Include separate asset and liability categories for those items that are $$current$.$ Include and label amounts for total assets, total liabilities, total stockholders$$ equity, and total liabilities and stockholders$$ equity. $$ Present deferred income taxes as a noncurrent liability. $$ To the extent information is available that should be disclosed, include the parenthetical disclosure of that information.