Longhom Corporation provides low-cost food delivery services to senior citizens. At the end of the year on December 31 2021 the company reports the following amounts Cash Equipment Accounts payable Delivery expense Salaries expense $ 1,300 Service revenue 21, see cost of goods sold (food expense) 2,990 Buildings 3,100 Supplies 6,800 Salaries payable $70,200 53,900 25,000 1,900 900 In addition, the company had common stock of $25.000 at the beginning of the year and issued an additional $2.500 during the year The company also had retained earnings of $11 200 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 i Required 2 Required 3 Prepare the income statement for Longhorn Corporation. LONGHORN CORPORATION Income Statement For the year ended Dec. 31, 2021 Expenses mework i Saved Cash Equipment Accounts payable Delivery expense $ 1,300 Service revenue 21,500 Cost of goods sold (food expense) 2,900 Buildings 3,100 Supplies 6,000 Salaries payable $70,200 53,900 25,000 1,900 900 Salaries expense In addition, the company had common stock of $25,000 at the beginning of the year and issu The company also had retained earnings of $11,200 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 Common Stock Retained Earnings Total Stockholders Equity Beginning balance Ending balance In addition, the company had common stock of $25,000 at the beginning of the year and issued an additional $2.500 during the year The company also had retained earnings of $11,200 at the beginning of the year. Required: 1. Prepare the income statement for Longhom 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 Assets Liabilities Total liabilities 0 Stockholders' Equity 0 Total stockholders' equity Total liabilities and stockholders' equity S 0 Total assets 0