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 20,500 2,700 3,300 6,200 Service revenue Salaries expense Buildings Supplies Salaries payable $71,200 54,100 23,000 1,700 700 In addition, the company had common stock of $23,000 at the beginning of the year and issued an additional $2,300 during the year. The company also had retained earnings of $10,300 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. Prepare the income statement for Blue Lagoon Corporation. Prepare the balance sheet for Blue Lagoon Corporation. Complete this question by entering your answers in the tabs below. Prepare the statement of stockholders' equity for Blue Lagoon Corporation. Lagoon Corporation provides low-cost food delivery services to senior citizens. At the end of the year on December 31, 2024, the mpany reports the following amounts: addition, the company had common stock of $23,000 at the beginning of the year and issued an additional $2,300 during the yeac. he company also had retained earnings of $10,300 at the beginning of the year. equired: 1. Prepare the income statement for Blue Lagoon Corporation. 2. Prepare the statement of stockholders' equity for Blue Logoon Corporation. 3. Prepare the balance sheet for Blue Lagoon Corporation