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The December 31, 2024, adjusted trial balance for Coyote Corporation is presented below. Credit Accounts Debit Cash $28,000 Accounts Receivable 225,000 Prepaid Rent 5,000 Supplies 45,000 Land 340,000 Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense 415,000 Rent Expense 35,000 Utilities Expense 55,000 Interest Expense 6,000 Totals $1,154,000 $27,000 26,000 6,000 55,000 375,000 90,000 575,000 $1,154,000 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. Complete this question by entering your answers in the tabs below. Income Stmt of Balance Statem... Stockho... Sheet Prepare an income statement for the year ended December 31, 2024. COYOTE CORPORATION Income Statement For the Year Ended December 31, 2024 $ Service Revenue 575,000 Expenses: Salaries Expense Rent Expense Utilities Expense Interest Expense Total expenses LLLLL Income Stmt of Balance Statem... Stockho... Sheet Prepare a statement of stockholders' equity for the year ended December 31, 2024, assuming no common stock was issued during 2024. COYOTE CORPORATION Statement of Stockholders' Equity For the Year Ended December 31, 2024 Total Common Retained Stock Stockholders' Earnings Equity Balance at January 1 $375,000 $ 90,000 Add: Net Income 0 Balance at December 31 $ 375,000 Income Stmt of Balance Statem... Stockho... Sheet Prepare a classified balance sheet as of December 31, 2024. COYOTE CORPORATION Balance Sheet December 31, 2024 Assets Liabilities Current assets: Current liabilities: Total current assets 0 0 Total current liabilities Long-term liabilities: 0 Total liabilities Stockholders' Equity Long-term assets: Total long-term assets Total assets 0 Total stockholders' equity 0 Total liabilities and stockholders' equity 0 0 $ $ $