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

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AccountsDebitCreditCash$$19,000$Accounts Receivable$175,000$Prepaid Rent$4,000$Supplies$35,000$Land$290,000$Accounts Payable$$$$17,000$Salaries Payable$16,000$Interest Payable$6,000$Notes Payable $($due in two years$)45,000$Common Stock$325,000$Retained Earnings$70,000$Service Revenue$525,000$Salaries Expense$405,000$Rent Expense$25,000$Utilities Expense$45,000$Interest Expense$6,000$Totals$$1,004,000$$$1,004,000$

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 $31,2024.$

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$2.$ Prepare a statement of stockholders' equity for the year ended December $31,2024,$ assuming no common stock was issued during $2024.$

OSTRICH CORPORATIONStatement of Stockholders' EquityFor the Year Ended December $31,2024$Common StockRetained EarningsTotal Stockholders' EquityBalance at January $1$Balance at December $31$

$3.$ Prepare a classified balance sheet as of December $31,2024.$

OSTRICH CORPORATIONBalance SheetDecember $31,2024$AssetsLiabilitiesCurrent assets:Current liabilities:Total current assets$0$Total current liabilities$0$Long$-$term liabilities:Total liabilities$0$Long$-$term assets:Stockholders$$ EquityTotal long$-$term assets$0$Total stockholders$$ equity$0$Total assets$$0$Total liabilities and stockholders$$ equity$$0$