Problem $1-5$B $($Algo$)$ Prepare financial statements $($LO$1-3)$

Schell Corporation provides the following information at the end of $2024.$

Salaries payable to workers at the end of the year $$1,400$

Advertising expense for the year $8,500$

Building that has been purchased $61,000$

Supplies at the end of the year $2,700$

Retained earnings $28,600$

Utilities expense for the year $4,100$

Note payable to the bank $15,500$

Service revenue performed during the year $59,900$

Salary expense for the year $24,800$

Accounts payable to suppliers $5,800$

Dividends paid to shareholders during the year $(?)$

Common stock that has been issued, including $$6,000$ that was issued this year $27,000$

Cash remaining $3,300$

Interest expense for the year $1,150$

Accounts receivable from customers $11,300$

Retained earnings at the beginning of the year $16,350$

Required:

Prepare the income statement for the year ended December $31,2024.$

Prepare the statement of stockholders$$ equity for the year ended December $31,2024.$

Prepare the balance sheet for the year ended December $31,2024.$