Equipment Accounts payable Delivery expense Salaries expense 23,000 cost of goods sold (food expense) 3,200 Buildings 2,800 Supplies 5,700 Salaries payable 53,600 28,000 2,200 900 In addition, the company had common stock of $28,000 at the beginning of the year and issued an ade The company also had retained earnings of $13,000 at the beginning of the year. Required: 1. Prepare the income statement for Longhorn Corporation. 2. Prepare the statement of stockholders' equity for Longhorn Corporation. 3. Prepare the balance sheet for Longhorn Corporation. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare the income statement for Longhorn Corporation. LONGHORN CORPORATION Income Statement For the year ended Dec. 31, 2021 Expenses Total expenses Cash Equipment Accounts payable Delivery expense Salaries expense $ 1,300 Service revenue 23,000 Cost of goods sold (food expense) 3,200 Buildings 2,800 Supplies 5,700 Salaries payable $68,700 53,600 28,000 2,200 900 In addition, the company had common stock of $28,000 at the beginning of the year and issued an The company also had retained earnings of $13,000 at the beginning of the year. Required: 1. Prepare the income statement for Longhorn Corporation 2. Prepare the statement of stockholders' equity for Longhorn Corporation. 3. Prepare the balance sheet for Longhorn Corporation Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare the statement of stockholders' equity for Longhorn Corporation. LONGHORN CORPORATION Statement of Stockholders' Equity For the year ended Dec 31, 2021 Total Common Stock Retained Earnings Stockholders Equity Beginning balance Ending balance 1. Prepare the income statement for Longhorn Corporation, 2. Prepare the statement of stockholders' equity for Longhorn Corporation. 3. Prepare the balance sheet for Longhorn Corporation. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare the balance sheet for Longhorn Corporation. LONGHORN CORPORATION Balance Sheet Dec. 31, 2021 Liabilities Total liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity Total assets