Question: what did I do wrong here? please explain thanks! Required information (The following information applles to the questions displayed below) On January 1, 2024, Red
Required information (The following information applles to the questions displayed below) On January 1, 2024, Red Flash Photography had the following balances: Cash, \$17,000; 5 , Pplies, \$8.500; Land. $65,000; Deferred Revenue, 55,500 ; Common Stock $55,000; and Retained Eamings, $30,000. During 2024, the compary had the following transactions: 1. February 15 issue additional shares of coman stock, $25, e90. 2. May 20 Provide services to customers for cash, 540,000 , and on account, 535,000, 3. Auffust 31 Pay salarles to employees for work in 2024, $28,000. 4. October 1 Purchase rental space for one year, \$17, ae0. 5. Noventer i7 Purchase supplies on accoant, 527 , a00. 6. Decenter 30 Pay dividends, 52,500 . The following information is available on December 31, 2024 : 1. Employees are owed an additional $4.500 in salaries. 2. Three months of the rental space have expired. 3. Supplies of $5,500 remain on hand. All other supplies have been used. 4. All of the services associated with the beginning deferred revenue have been performed. 4. Prepare an income statement, statement of stockholders' equity, and classified balance sheet (8) Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare a classified balance sheet
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