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 $ 1,300 Service revenue 25,500 500 Cost of goods sold (food expense) 3,709 Buildings 1,900 Supplies 4,809 Salaries payable $64,200 52,700 33,000 2,700 999 In addition, the company had common stock of $33,000 at the beginning of the year and issued an additional $3.300 during the year The company also had retained earnings of $16.800 at the beginning of the year 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 $ 64,200 $ Expenses: Delivery expense Salaries expense Equipment 1,900 4,800 52,700 59,400 Total expenses Net income