Question: Problem 3-5A (Algo) Prepare financial statements from an adjusted trial balance when net income is positive (LO3-5) Hometown Builders Unlimited specializes in bullding new homes

when net income is positive (LO3-5) Hometown Builders Unlimited specializes in bullding

new homes and remodeling existing homes. Remodeling projects include adding game rooms,

changing kitchen cabinets and countertops, ond updating bathrooms. Below is the yeor-end

Problem 3-5A (Algo) Prepare financial statements from an adjusted trial balance when net income is positive (LO3-5) Hometown Builders Unlimited specializes in bullding new homes and remodeling existing homes. Remodeling projects include adding game rooms, changing kitchen cabinets and countertops, ond updating bathrooms. Below is the yeor-end adjusted trial balance of Hometown Euilders Unlimited. Prepare an income statement for the year ended December 31, 2024. Prepare the statement of stockholders' equity for the year ended December 31,2024 , note that during the year the company issued additional common stock for $19,000. This amount is included in the amount for Common Stock in the adjusted trial balance. Prepare the classified balance sheet for the year ended December 31, 2024

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