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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 $ 15,500 Accounts Receivable 24,500 Supplies 31,500 Prepaid Insurance 6,500 Equipment 562,500 Accumulated Depreciation $ 180,000 Accounts Payable 30,500 Salaries Payable 27,500 Utilities Payable 4,500 Notes Payable (due in 5 years) 150,000 Common Stock 175,000 Retained Earnings 31,500 Dividends 25,500 Service Revenuenew construction 425,000 Service Revenueremodeling 265,000 Salaries Expense 155,000 Supplies Expense 280,000 Depreciation Expense 45,000 Insurance Expense 24,500 Utilities Expense 41,500 Interest Expense 9,000 Service Fee Expense 68,000 Totals $ 1,289,000 $ 1,289,000 Required: Prepare an income statement for the year ended December 31, 2021. 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 $25,000. This amount is included in the amount for Common Stock in the adjusted trial balance. Prepare the classified balance sheet for the year ended December 31, 2021.

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