Longhom Corporation provides low-cost food delivery services to senior citizens. At the end of the year, the company reports the folowing amounts Cash Equipment Accounts payable Delivery expense Salaries expenser $ 1,300 28.500 4300 2,500 5,400 $ 672004 53.300 39,000 3,300 900 Service revenue Cost of goods sold (food expense) Buildings Supplies Salaries payable In addition, the company had oommon stock of $30,000 at the beginning of the year and issued an additional $3,900 during the year. The company also had retained eamings of 518,000 at the beginning of the year Required: 1. Prepare the income statement for Longhom Corporation. LONGHORN CORPORATION Income Statement Expenses Total expenses 2. Prepare the statement of stockholders equity for Longhom Corporation LONGHORN CORPORATION Statement of Stockholders' Equity Total Stockholders Retained Common Stock Earnings Equity Besenien a 2. Prepare the statement of stockholders' equity for Longhorn Corporation. LONGHORN CORPORATION Statement of Stockholders' Equity Retained Earnings Total Stockholders Equity Common Stock Beginning balance Ending balance 3. Prepare the balance sheet for Longhorn Corporation. LONGHORN CORPORATION Balance Sheet Liabilities Assets Total liabilities S nd 3. Prepare the balance sheet for Longhorn Corporation. LONGHORN CORPORATION Balance Sheet Assets Liabilities Total liabilities 0 Stockholders' Equity Total stockholders' equity 0 0 Total liabilities and stockholders' equity Total assets