ints eBook Print References Problem 1-5B Prepare financial statements (LO1-3) Tar Heel Corporation provides the following information at the end of 2021. Salaries payable to workers at the end of the year Advertising expense for the year Building that has been purchased Supplies at the end of the year Retained earnings Utility expense for the year $ 2,500 9,600 72,000 3,800 39,200 5,200 Note payable to the bank Service revenue recognized during the year 21,000 65,400 Salary expense for the year Accounts payable to suppliers 25,900 6,900 Dividends paid to shareholders during the year (7) Cash remaining Common stock that has been issued, including $4,000 that was issued this year 23,000 4,400 Interest expense for the year 1,700 Accounts receivable from customers 12,400 Retained earnings at the beginning of the year 26,400 Required: 1. Prepare the income statement for the year ended December 31, 2021. 2. Prepare the statement of stockholders' equity for the year ended December 31, 2021. 3. Prepare the balance sheet for the year ended December 31, 2021. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 3 ts eBook Print ferences Required: 1. Prepare the income statement for the year ended December 31, 2021. 2. Prepare the statement of stockholders' equity for the year ended December 31, 202- 3. Prepare the balance sheet for the year ended December 31, 2021. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare the income statement for the year ended December 31, 2021. TAR HEEL CORPORATION Income Statement For the year ended December 31, 2021 Service Revenue Expenses: Salaries Expense Utilities Expense Advertising Expense Interest Expense Total Expenses ces Required: 1. Prepare the income statement for the year ended December 31, 2021. 2. Prepare the statement of stockholders' equity for the year ended December 31, 2021. 3. Prepare the balance sheet for the year ended December 31, 2021. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare the statement of stockholders' equity for the year ended December 31, 2021. TAR HEEL CORPORATION Statement of Stockholders' Equity For the year ended December 31, 2021 Beginning Balance Common Stock Retained Earnings Total Stockholders' Equity Ending Balance < Required 1 Required 3 > 3 nts eBook Print References Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare the balance sheet for the year ended December 31, 2021. TAR HEEL CORPORATION Balance Sheet December 31, 2021 Assets Total Assets $