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 19,000 Salaries expense 2,400 Buildings 3,600 6,500 Supplies Salaries payable $72,700 54,400 20,000 1,400 700. ces In addition, the company had common stock of $20,000 at the beginning of the year and issued an additional $2,000 during the year. The company also had retained earnings of $8,500 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