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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: food expense) 53,400 Equipment Accounts payable Delivery expense salaries expense 1.200 Service reven 29.000 Coat of goods sold 4,400 buildings 2.600 Supplies 5.500 salaries payable 40.000 In addition, the company had common stock of $40,000 at the beginning of the year and issued an additional $4,000 during the year. The company also had retained earnings of $18,200 at the beginning of the year. Required: 1 Prepare the income statement for Longhorn Corporation 2. Prepare the statement of stockholders' equity for Longhom Corporation 3. Prepare the balance sheet for Longhorn Corporation Complete this question by entering your answers in the tabs below. Required: Required 2 Required Prepare the statement of stockholders' equity for Longhorn Corporation LONGHORN CORPORATION Statement of Stockholders' Equity For the year ended Dec 31, 2021 Total Retained Common Stock Stockholders Earnings Equity Beginning balance Ending balance

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