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The December 31, 2024, adjusted trial balance for Ostrich Corporation is presented below.

Accounts	Debit	Credit
Cash	$25,000
Accounts Receivable	220,000
Prepaid Rent	7,000
Supplies	44,000
Land	335,000
Accounts Payable		$26,000
Salaries Payable		25,000
Interest Payable		4,000
Notes Payable (due in two years)		54,000
Common Stock		370,000
Retained Earnings		88,000
Service Revenue		570,000
Salaries Expense	414,000
Rent Expense	34,000
Utilities Expense	54,000
Interest Expense	4,000
Totals	$1,137,000	$1,137,000

Required:

1. Prepare an income statement for the year ended December 31, 2024. 2. Prepare a statement of stockholders' equity for the year ended December 31, 2024, assuming no common stock was issued during 2024. 3. Prepare a classified balance sheet as of December 31, 2024.

The December 31,2024 , adjusted trial balance for Ostrich Corporation is presented below. Required: 1. Prepare an income statement for the year ended December 31, 2024. 2. Prepare a statement of stockholders' equity for the year ended December 31, 2024, assuming no common stock was issued during 2024. 3. Prepare a classified balance sheet as of December 31, 2024. Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. Prepare an income statement for the year ended December 31, 2024. Complete this question by entering your answers in the tabs below. Prepare a statement of stockholders' equity for the year ended December 31, 2024, assuming no common stock was issued during 2024. Prepare a classified balance sheet as of December 31,2024