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Boilermaker Unlimited specializes in building new homes and remodeling existing homes. Remodeling projects include adding game rooms, changing kitchen cabinets and countertops, and updating bathrooms. Below is the year-end adjusted trial balance of Boilermaker Unlimited.

BOILERMAKER UNLIMITED
Adjusted Trial Balance
December 31, 2021
Accounts	Debits		Credits
Cash	$	15,100
Accounts Receivable		24,100
Supplies		31,100
Prepaid Insurance		6,100
Equipment		512,500
Accumulated Depreciation					$	164,000
Accounts Payable						30,100
Salaries Payable						27,100
Utilities Payable						4,100
Notes Payable (due in 5 years)						110,000
Common Stock						155,000
Retained Earnings						69,500
Dividends		25,100
Service Revenuenew construction						405,000
Service Revenueremodeling						253,000
Salaries Expense		151,000
Supplies Expense		276,000
Depreciation Expense		41,000
Insurance Expense		24,100
Utilities Expense		41,100
Interest Expense		6,600
Service Fee Expense		64,000
Totals	$	1,217,800			$	1,217,800

Required:

1. Prepare anincome statement for the year ended December 31, 2021.
2. Prepare the statement of stockholders equity for the year ended December 31, 2021, note that during the year the company issued additional common stock for $21,000. This amount is included in the amount for Common Stock in the adjusted trial balance.
3. Prepare the classified balance sheet for the year ended December 31, 2021.

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