Problem 3-5A Prepare financial statements from an adjusted trial balance when net income is positive (L03-5) Bollmaker Unlimited specializes in building new homes and remodeling existing homes. Remodeling projects include adding game rooms, changing kitchen cabinets and countertops, and updating belooms Below is the year and adjusted vial balance of Bolermaker Unlimited BOILERMAKER UNLIMITED Nusled Trial Blanco December 31, 2018 Account Credits 20,000 $ 200,000 31,000 Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation Accounts Payable Salaris Payable Ubes Payable Notes Payable in 5 years) Common Stock Retained Eamings Dividends Service Revenue-new construction Service Revenue remodeling 5,000 26,000 280.000 50,000 Depreciation Expense insurance tapone Uus Expense Service Foo Expense $1,375,000 $1,375,000 Required: 1. Prepare an income statement for the year ended December 31, 2018. BOILERMAKER UNLIMITED Income Statement For the Year Ended December 31, 2018 Service revenues: Total revenues Expenses: Total expenses 2. Prepare the statement of stockholders' equity for the year ended December 31, 2018, note that during the year the company issued additional common stock for $30,000. This amount is included in the amount for Common Stock in the adjusted trial balance BOILERMAKER UNLIMITED Statement of stockholders' Equity For the Year Ended December 31, 2018 Retained Stockholders Balance at January 1 Balance at December 31 3. Prepare the classified balance sheet for the year ended December 31, 2018. (Amounts to be deducted should be indicated by a minus sign.) BOILERMAKER UNLIMITED Balance Sheet December 31, 2018 Assets Current assets Current abiities Total current liabilities Total current assets Long-term assets: Long-term liabilities: Total liabilities Stockholder's Equity Total stockholders' equity Total Liabilities and Stockholders' Equity Total Assets