Longhorn 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: $ 1,300 Service revenue Cash $64,200 25,500 COst of goods sold (food expense ) 3,700 Buildings 1,900 Supplies 4,800 Salaries payable Equipment 52,700 Accounts payable Delivery expense Salaries expense 33,000 2,700 900 In addition, the company had common stock of $33,000 at the beginning of the year and issued an additional $3,300 during the year. The company also had retained earnings of $16,800 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 Required Required 2 1 3 Prepare the income statement for Longhorn Corporation. LONGHORN CORPORATION Income Statement For the year ended Dec. 31, 2021 Expenses: Total expenses Required 1 Required 2 Complete this question by entering your answers in the tabs below. Required Required Required 1 2 3 Prepare the statement of stockholders' equity for Longhorn Corporation. LONGHORN CORPORATION Statement of Stockholders' Equity For the year ended Dec. 31, 2021 Total Common Retained Earnings Stockholders' Equity Stock Beginning balance Ending balance Required 1 Required 3 ete this questlon by entering your answers In the tabs bel Required Required Required 1 2 3 Prepare the balance sheet for Longhorn Corporation. LONGHORN CORPORATION Balance Sheet Dec. 31, 2021 Assets Liabilities Total liabilities Stockholders' Equity Total stockholders' equity Total liabilities and Total assets stockholders' equity Required 2 Required 3>