Academic Technology R 2 Palomar College Single Sign-On Graded Homework Saved Problem 1-5A Prepare financial statements (LO1-3) Cornhusker Company provides the following information at the end of 2021. Cash remaining Rent expense for the year Land that has been purchased Retained earnings Utility expense for the year Accounts receivable from customers $ 2,900 5,100 21,000 10,500 3,000 5,300 Service revenue recognized during the year 27,500 Salary expense for the year 11,400 Accounts payable to suppliers 1,250 Dividends paid to shareholders during the year Common stock that has been issued prior to 2021 Salaries owed at the end of the year 1,300. 16,000- 1,450 Insurance expense for the year 1,600 Retained earnings at the beginning of the year 5,400 P McGraw-Hill Connect No common stock is issued during 2021. Required: 1. Prepare the income statement for Cornhusker Company on December 31, 2021. 2. Prepare the statement of stockholders' equity for Cornhusker Company on December 31, 2021. 3. Prepare the balance sheet for Cornhusker Company on December 31, 2021. Complete this question by entering your answers in the tabs below.