Please help prepare the income statement Required information [The following information applies to the...
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Accounting
Please help prepare the income statement
Required information [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 storage services for cash, $153,100, and on account, $61,700. 2. February 12 Collect on accounts receivable, $53,400. 3. April 25 Receive cash in advance from customers, $14,800. 4. May 6 Purchase supplies on account, $13,000. 5. July 15 Pay property taxes, $10,400. 6. September 10 Pay on accounts payable, $13,300. 7. October 31 Pay salaries, $142,600. 8. November 20 Issue shares of common stock in exchange for $46,000cash. 9. December 30 Pay $4,700 cash dividends to stockholders. a. Prepare the income statement for the year ended December 31, 2024
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