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 $ 1,200 Service revenue 19,580 Cost of goods sold (food expense) 2,500 Buildings 3,500 Supplies 6,400 Salaries payable $72,200 54,300 21,000 1,500 800 In addition, the company had common stock of $21,000 at the beginning of the year and issued an additional $2,100 during the year. The company also had retained earnings of $8,800 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 income statement for Longhorn Corporation LONGHORN CORPORATION Income Statement For the year ended Dec 31, 2021 Service revenue $ 72,200 Cost of goods sold 54,300 Expenses: $ 52,500 1,700 4,600 58,800 Total expenses Net income (Required 1 Required 2 > 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 Total Stockholders' Equity Beginning balance Ending balance LONGHORN CORPORATION Balance Sheet Dec. 31, 2021 Assets Liabilities 0 Total liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity S 0 Total assets $