Blue Lagoon Corporation provides low-cost food delivery services to senior citizens. At the end of the year on December 31, 2024, the company reports the following amounts: Cash Equipment Accounts payable Delivery expense Rent expense $1,400 Service revenue 22,000 Salaries expense 3,000 Buildings 3,000 Supplies 5,900 Salaries payable $69,700 53,800 26,000 2,000 700 In addition, the company had common stock of $26,000 at the beginning of the year and issued an additional $2,600 during the year. The company also had retained earnings of $12,100 at the beginning of the year. Required: 1. Prepare the income statement for Blue Lagoon Corporation. 2. Prepare the statement of stockholders' equity for Blue Lagoon Corporation. 3. Prepare the balance sheet for Blue Lagoon Corporation. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare the income statement for Blue Lagoon Corporation. BLUE LAGOON CORPORATION Income Statement For the year ended December 31, 2024 Expenses: Total expenses Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare the statement of stockholders' equity for Blue Lagoon Corporation. BLUE LAGOON CORPORATION Statement of Stockholders' Equity For the year ended December 31, 2024 Beginning balance Common Stock Retained Earnings Total Stockholders' Equity Ending balance $ 0 $ 0 $ 0 < Required 1 Required 3 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare the balance sheet for Blue Lagoon Corporation. BLUE LAGOON CORPORATION Balance Sheet Assets December 31, 2024 Liabilities Total liabilities 0 Stockholders' Equity Total stockholders' equity Total assets $ 0 Total liabilities and stockholders' equity $ < Required 2 Required 3 >