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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

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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 5 1,300 Service revenue 20,000 Cost of goods sold (food expense) 2,600 Buildings 3,400 Supplies 6.100 salaries payable $71,700 54,200 22,00 1.600 900 In addition, the company had common stock of $22.000 at the beginning of the year and issued an additional $2,200 during the year The company also had retained earnings of $9,400 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 Retained Common Stock Earnings eginning balance $ 22,000 $ 9,400 ssuance of common stock 2,200 Total Stockholders' Equity 24,200 Ending balance 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 0 Total assets

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