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	$	1,200		Service revenue	$	64,700
Equipment		26,000		Cost of goods sold (food expense)		52,800
Accounts payable		3,800		Buildings		34,000
Delivery expense		2,000		Supplies		2,800
Salaries expense		4,900		Salaries payable		700

In addition, the company had common stock of $34,000 at the beginning of the year and issued an additional $3,400 during the year. The company also had retained earnings of $17,100 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.