15 Problem 1-58 Prepare financial statements (L01-3) Tar Heel Corporation provides the following information at the end of 2021 3.5 points eBook 1.300 69,000 2.500 37,400 Hint Salaries payable to workers at the end of the year Advertising expense for the year Rullding that has been purchased Supplies at the end of the year Retained earnings utility expense for the year Note payable to the bank Service revenue recognised during the year Salary expense for the year Accounts payable to suppliers Dividends paid to shareholders during the year Common stock that has been issued, including $4,000 that was issued this year Cash remaining Interest expense for the year Accounts receivable from customers Retained earnings at the beginning of the year 19,500 63,900 25,600 6.600 (2) 23,000 4,100 1,550 12.100 24,750 Required 1. Prepare the income statement for the year ended December 31, 2020 2. Prepare the statement of stockholders' equity for the yew ended December 31, 2021 3. Prepare the balance sheet for the year ended December 31 2021 Complete this question by entering your answers in the tabs below. Required Required Required 1 2 Prepare the balance sheet for the year ended December 31, 2021 TAR HEEL CORPORATION Balance Sheet December 31, 2021 Assets Liabilities Totes Stockholders' Equity Toners Equity S S 17