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 $ 1,488 Service revenue 22,000 cost of goods sold (food expense) 3,000 Buildings 3,000 Supplies 5,900 Salaries payable $69, 700 53,800 26,000 2,000 700 In addition, the company had common stock of $26,000 at the beginning of the year and issued an additional $2,600 during the year. The company also had retained earnings of $12,100 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 balance sheet for Longhorn Corporation LONGHORN CORPORATION Balance Sheet Dec. 31, 2021 Assets Liabilities $ $ Cash Supplies 1,400 Accounts payable 2,000 salaries payable 3,000 700