Question: My answer is incomplete. Please help me find the missing information. Orange Designs provides consulting services related to home decoration. Orange Designs provides customers with

 My answer is incomplete. Please help me find the missing information.

Orange Designs provides consulting services related to home decoration. Orange Designs provides

My answer is incomplete. Please help me find the missing information.

Orange Designs provides consulting services related to home decoration. Orange Designs provides customers with recommendations for a full range of home decor, including window treatments, carpet and wood flooring, paint colors, furniture, and much more. Below is the year-end adjusted trial balance of Orange Designs. Credits Debits $ 5,600 4,600 2,600 6,600 116,000 ORANGE DESIGNS Adjusted Trial Balance December 31, 2021 Accounts Cash Accounts Receivable Supplies Prepaid Rent Buildings Accumulated Depreciation Accounts Payable Salaries Payable Utilities Payable Notes Payable (due in four years) Common Stock Retained Earnings Service Revenues Salaries Expense Rent Expense Depreciation Expense Supplies Expense Advertising Expense Utilities Expense Interest Expense Totals $ 21,600 3,600 4,600 1,000 26,000 56,000 15,600 113,200 42,600 18,600 7,600 8,600 13,600 12,600 2,600 $241,600 $241,600 Required: 1. Prepare an income statement for the year ended December 31, 2021. 2. Prepare the statement of stockholders' equity, note that during the year the company issued additional common stock of $10,000. This amount is included in the amount for Common Stock in the adjusted trial balance. 3. Prepare the classified balance sheet for the year ended December 31, 2021. Required 1 Required 2 Required 3 Prepare an income statement for the year ended Decembler 31, 2021. ORANGE DESIGNS Income Statment For the Year Ended December 31, 2021 $ Service Revenues 113,200 42.600 Expenses: Salaries Expense Rent Expense Depreciation Expense Supplies Expense Advertising Expense Utilities Expense Interest Expense oooooo 18,600 7,600 8,600 13,600 12,600 2,600 Total Expenses $ 106,200 $ 7,000 Net Income > Required 1 Required 2 Required 3 Prepare the statement of stockholders' equity, note that during the year the company issued additional common stock of $10,000. This amount is included in the amount for Common Stock in the adjusted trial balance. ORANGE DESIGNS Statement of Stockholders' Equity For the Year Ended December 31, 2021 Common Stock Retained Earnings 15,600 Balance at January 1 Issuance of Common Stock 46,000$ 10,000 Total Stockholders' Equity $ 61,600 10,000 7,000 Add: Net Income 7,000 Balance at December 31 $ 56,000$ 22,600 $ 78,600 Required 1 Required 2 Required 3 Prepare the classified balance sheet for the year ended December 31, 2021. (Amounts to be deducted should be indicated by a minus sign.) ORANGE DESIGNS Balance Sheet December 31, 2021 Liabilities $ $ Assets Current Assets: Cash Accounts Receivable Supplies Prepaid Rent Current Liabilities: Accounts Payable Salaries Payable Utilities Payable 5,600 4,600 2,600 6,600 3,600 4,600 1,000 $ 9,200 Total Current Assets Long-term Assets: Buildings Accumulated Depreciation 26,000 19,400 Total Current Liabilities Long-term Liabilities: 116,000 Notes Payable (21,600) Total Liabilities Stockholders' Equity Common Stock Retained Earnings 35,200 56,000 22,600 78,600 Total Stockholders' Equity Total Liabilities and Stockholders' Equity Total Assets $ 113,800 $ 113,800

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