4. yalue 15.00 points Longhorm Corporation provides low-cost food delivery services to senior citizehs. At the end of the year, the company reports the following amounts Cash Equipment Accounts payable Delivery expense Salaries expense- $1,300 27.000 4,000 2.200 5,100 Service revenue Cost of goods sold (food expense) Buldings Supplies Salaries payable $65,700 53,000 900 In addition, the company had common stock of $36,000 at the beginning of the year and issued an additional $3,600 during the year. The company also had retained earnings of $17,400 at the beginning of the year Required: 1. Prepare the income statement for Longhom Corporation LONGHORN CORPORATION Income Statement lervice revenue Expenses Total expenses 2. Prepare the statement of stockholders equity for Longhom Corporation Mali D8Raed Hawkes Learning 2 Prepare the statement of stockholders' equity for Longhorn Corporation. LONGHORN CORPORATION Statement of Stockholders' Equity Retained Earmings Total Stockholders" Equity Common Stock Beginning balance Ending balanoe 3. Prepare the balance sheet for Longhorm Corporation. LONGHORN CORPORATION Balance Sheet Liabilities Assets C Total liabiliies Stockholders' Equity Total stockholders equity 3. Prepare the balance sheet for Longhorn Corporation. LONGHORN CORPORATION Balance Sheet Assets Liabilities Total liabilities 0 Stockholders' Equity Total stockholders' equity 0 Total assets Total liabilities and stockholders' equity 0