Requirements 1124 P Dine Data table Pr Done A 660 . 2000 400 Credi 7200 A 300 1 2000 The adjusted trial balance of Bradey Irrigation System at December 31, 2024, follows: (Click the icon to view the adjusted trial balance.) Read the requirements. Requirement 1. Prepare the company's income statement for the year ended December 31, 2024. (If a Bradey Irrigation System Income Statement Year Ended December 31, 2024 Requirements 1. Prepare the company's income statement for the year ended December 31, 2024. 2. Prepare the company's statement of retained earnings for the year ended December 31, 2024. 3. Prepare the company's classified balance sheet in report form at December 31, 2024. 4. Journalize the closing entries for Bradey Irrigation System 5. Compute the company's current ratio at December 31, 2024. At December 31, 2023, the current ratio was 2.2. Did the company's ability to pay debts improve or deteriorate, or did it remain the same? Print Done The adjusted trial balance of Braf (Click the icon to view the a Read the requirements. Requirement 1. Prepare the co zero. Use a minus sign or paren Requirements 1. Prepare the company's income statement for the year ended December 31, 2024. 2. Prepare the company's statement of retained eamings for the year ended December 31, 2024. 3. Prepare the company's classified balance sheet in report form at December 31, 2024. 4. Journalize the closing entries for Bradey Irrigation System. 5. Compute the company's current ratio at December 31, 2024. At December 31, 2023, the current ratio was 2.2. Did the company's ability to pay debts improve or deteriorate, or did it remain the same? e the box empty; do not select a label or enter a Print Done Data table Bradey Irrigation System Adjusted Trial Balance December 31, 2024 Balance Account Title Debit Credit Cash 12,800 Accounts Receivable 49,200 Office Supplies 5,800 Prepaid Insurance 5,800 Building 55,200 Accumulated Depreciation-Building $ 24,300 Equipment 30,000 Accumulated Depreciation-Equipment 7,200 Accounts Payable Interest Payable Salaries Payable Unearned Revenue Notes Payable (long-term) Common Stock Retained Earnings Dividends Service Revenue Insurance Expense Salaries Expense Supplies Expense 26,500 400 3,400 1,700 24,600 16,000 24,000 2,900 56,500 700 15,600 1,400 Interest Expense 400 Depreciation Expense-Equipment 2,900 Depreciation Expense-Building 1,900 184,600 $ 184,600 Total