Longhorn Corporation provides low-cost food delivery services to senior citizens. At the end of the year on December 31, 2020, the company reports the following amounts: Cash Equipment Accounts payable $ 1,400 Service revenue 3,300 Buildings $68,200 23,500 Cost of goods sold (food expense) 53,500 39,000 Delivery expense Salaries expense Notes Payable 2,700 Supplies 4,600 Salaries payable 10,000 Inventory 1,300 700 1,000 In addition, the company had common stock of $29,000 at the beginning of the year and issued an additional $2,900 shares during the year. The company also had retained earnings of $13,900 at the beginning of the year and paid dividends of $1,000 during 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.