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Longhom Corporation provides low-cost food delivery services to senior cizens Ai the end of the year, the company reports the folowing amounts 66,200 3,100 7,000

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Longhom Corporation provides low-cost food delivery services to senior cizens Ai the end of the year, the company reports the folowing amounts 66,200 3,100 7,000 3,100 700 1,200 Service reverue 27,500 Cost of goods sold (food expense) Accounis payable Delivery expense Salaries expense 100 Buidings 2,300 Supplies ,200 Salaries payable stock of $37,000 at the beginning of the year and issued an addtional $3,700 during the year. The company eamings of $17,700 at tne also had retained eamings of $17,700 at the beginning of the year In addition, the company had common Required: 1. Prepere the inoome statement for Longhomc Expenses

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