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 Cash Equipment Accounts payable Delivery expense Salaries expense $1,400 Service revenue $63,700 25,000 Cost of goods sold (food expense) 52.600 3,600 Buildings 32,000 1,800 Supplies 2,600 4,700 Salaries payable 800 In addition, the company had common stock of $32,000 at the beginning of the year and issued an additional $3,200 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 1 Required 2 Required 31 Prepare the income statement for Longhorn Corporation LONGHORN CORPORATION Income Statement For the year ended Dec. 21, 2021 Expenses