Island 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	$1,300	Service revenue	$71,700
Equipment	20,000	Salaries expense	54,200
Accounts payable	2,600	Buildings	22,000
Delivery expense	3,400	Supplies	1,600
Rent expense	6,300	Salaries payable	900

In addition, the company had common stock of $22,000 at the beginning of the year and issued an additional $2,200 during the year. The company also had retained earnings of $9,400 at the beginning of the year.

Required:

Prepare the income statement for Island Corporation.

Prepare the statement of stockholders equity for Island Corporation.

Prepare the balance sheet for Island Corporation.