Requirement 1. Prepare the company's income statement for the year ended December 31, 2024. (If a...

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Requirement 1. Prepare the company's income statement for the year ended December 31, 2024. (If a box is not used in the statement, leave the box empty; do not select a label or enter a zero. Use a minus sign or parentheses to show a net loss.) Blume Irrigation System Income Statement Year Ended December 31, 2024 Data table - X Blume Irrigation System Adjusted Trial Balance December 31, 2024 Balance Account Title Debit Credit Cash S 14,000 Accounts Receivable 45,600 Office Supplies 33,000 Prepaid Insurance 6,400 Building 57,200 Accumulated Depreciation-Building $ 24,600 22.000 Accumulated Depreciation-Equipment Net Income (Loss) Requirement 2. Prepare the company's statement of retained earnings for the year ended December 31, 2024. Enter any i Blume Irrigation System Statement of Retained Earnings Year Ended December 31, 2024 Retained Earnings, January 1, 2024 Equipment Accounts Payable Interest Payable Salaries Payable Unearned Revenue Notes Payable (long-term) Common Stock 6,900 total 38,100 1,800 3,800 1,300 22,900 14,000 33,000 2,600 58,000 Insurance Expense 1,400 15,700 Supplies Expense 1,000 Interest Expense 1,800 Depreciation Expense-Equipment 2,200 1,500 Depreciation Expense-Building S 204,400 $ 204,400 Total Retained Earnings, December 31, 2024 Requirement 3. Prepare the company's classified balance sheet in report form at December 31, 2024. (If a box is not used Blume Irrigation System Balance Sheet December 31, 2024 Assets Retained Earnings Dividends Service Revenue Salaries Expense Print Done Requirement 1. Prepare the company's income statement for the year ended December 31, 2024. (If a box is not used in the statement, leave the box empty; do not select a label or enter a zero. Use a minus sign or parentheses to show a net loss.) Blume Irrigation System Income Statement Year Ended December 31, 2024 Data table - X Blume Irrigation System Adjusted Trial Balance December 31, 2024 Balance Account Title Debit Credit Cash S 14,000 Accounts Receivable 45,600 Office Supplies 33,000 Prepaid Insurance 6,400 Building 57,200 Accumulated Depreciation-Building $ 24,600 22.000 Accumulated Depreciation-Equipment Net Income (Loss) Requirement 2. Prepare the company's statement of retained earnings for the year ended December 31, 2024. Enter any i Blume Irrigation System Statement of Retained Earnings Year Ended December 31, 2024 Retained Earnings, January 1, 2024 Equipment Accounts Payable Interest Payable Salaries Payable Unearned Revenue Notes Payable (long-term) Common Stock 6,900 total 38,100 1,800 3,800 1,300 22,900 14,000 33,000 2,600 58,000 Insurance Expense 1,400 15,700 Supplies Expense 1,000 Interest Expense 1,800 Depreciation Expense-Equipment 2,200 1,500 Depreciation Expense-Building S 204,400 $ 204,400 Total Retained Earnings, December 31, 2024 Requirement 3. Prepare the company's classified balance sheet in report form at December 31, 2024. (If a box is not used Blume Irrigation System Balance Sheet December 31, 2024 Assets Retained Earnings Dividends Service Revenue Salaries Expense Print Done