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


Accounts Debit Credit
Cash $15,000
Accounts Receivable 165,000
Prepaid Rent 6,000
Supplies 33,000
Land 280,000
Accounts Payable $15,000
Salaries Payable 14,000
Interest Payable 6,000
Notes Payable (due in two years) 43,000
Common Stock 315,000
Retained Earnings 66,000
Service Revenue 515,000
Salaries Expense 403,000
Rent Expense 23,000
Utilities Expense 43,000
Interest Expense 6,000
Totals $974,000 $974,000

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.