What is Retained Earnings???

Requlred Informetlon Problem 3-9A (Algo) Complete the full accounting cycle (LO 3-3, 3-4, 3-5, 3-6, 3-7) [The following information applies to the questions displayed below] The general ledger of Zips Storage at January 1, 2024, includes the following account balances: The following is a summary of the transactions for the year: 1. January 9 provide storzee services for cash, $149,160, and on account, $59,790. 2. February 12 collect on acoounts receivable, $53,660. 3. April 25 Receive cash in advance from customers, \$14,46e. 4. "ay 6 Purchase supplies on account, \$12,259. 5. July 15 Pay property taxes, \$19,6ee. 6. Septenter 19 Pay on acoounts payable, $12,90. 7. October 31 Pay salaries, \$138, 69e. 8. November 29 issue shares of combn stock in exchange for $42,60 cash. 9. December 3 Pay $4,33 cash dividends to stockholders. Problem 3-9A (Algo) Part 8 8-a. Prepare the income statement for the year ended December 31,2024. Problem 3-9A (Algo) Part 8 3-a. Prepare the income statement for the year ended December 31, 2024. z-b. Prepare the classified balance sheet for the year ended December 31, 2024