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 $1,200 26,000 3,800 2,000 4,900 In addition, the company had common stock of $34,000 at the beginning of the year and issued an additional $3,400 during the year. The company also had retained earnings of $17,100 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. Required 1 Complete this question by entering your answers in the tabs below. Service revenue Salaries expense Buildings Supplies Salaries payable Expenses Required 2 Required 3 Prepare the income statement for Blue Lagoon Corporation. BLUE LAGOON CORPORATION Income Statement For the year ended December 31, 2024 Total expenses $64,700 52,800 34,000 2,800 700