(Solved): Problem 1-3B (Algo) Prepare financial statements (LO1-3) Stone Investments provides financial serv ...

Problem 1-3B (Algo) Prepare financial statements (LO1-3) Stone Investments provides financial services related to Investment selections, retirement planning, and general Insurance needs. At the end of the year on December 31,2024 , the company reports the following amounts: In addition, the company had common stock of \( \$ 100,000 \) at the beginning of the year and Issued an additional \( \$ 11,000 \) during the year The company also had retalned earnings of \( \$ 24,300 \) at the beginning of the year and paid dividends of \( \$ 4,600 \). Required: 1. Prepare the income statement for Stone Investments. 2. Prepare the statement of stockholders' equity for Stone Investments. 3. Prepare the balance sheet for Stone Investments. Complete this question by entering your answers in the tabs below. Prepare the income statement for Stone Investments. Problem 1-3B (Algo) Prepare financial statements (LO1-3) Stone Investments provides financial services related to Investment selections, retirement planning, and general Insurance needs. At the end of the year on December 31,2024 , the company reports the following amounts: In addition, the company had common stock of \( \$ 100,000 \) at the beginning of the year and Issued an additional \( \$ 11,000 \) during the year. The company also had retained earnings of \( \$ 24,300 \) at the beginning of the year and paid dividends of \( \$ 4,600 \). Requlred: 1. Prepare the Income statement for Stone Investments. 2. Prepare the statement of stockholders' equity for Stone Investments. 3. Prepare the balance sheet for Stone Investments. Complete this question by entering your answers in the tabs below. Prepare the statement of stockholders' equity for Stone Investments. Problem 1-3B (Algo) Prepare financial statements (LO1-3) Stone Investments provides financial services related to Investment selectlons, retirement planning, and general Insurance needs. At the end of the year on December 31,2024 , the company reports the following amounts: In addition, the company had common stock of \( \$ 100,000 \) at the beginning of the year and Issued an additional \( \$ 11,000 \) during the year. The company also had retained earnings of \( \$ 24,300 \) at the beginning of the year and paid dividends of \( \$ 4,600 \). Requlred: 1. Prepare the Income statement for Stone Investments. 2. Prepare the statement of stockholders' equity for Stone Investments. 3. Prepare the balance sheet for Stone Investments. Complete this question by entering your answers in the tabs below. Prepare the balance sheet for Stone Investments.