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Ornhusker Company provides the following information at the end of 2021. Cash remaining Rent expense for the year Land that has been purchased Retained
Ornhusker Company provides the following information at the end of 2021. Cash remaining Rent expense for the year Land that has been purchased Retained earnings Utility expense for the year Accounts receivable from customers $ 3,500 5,700 21,000 11,100 3,600 5,900 Service revenue recognized during the year Salary expense for the year 30,500 12,000 Accounts payable to suppliers 1,550 Dividends paid to shareholders during the year 1,900 Common stock that has been issued prior to 2021 Salaries owed at the end of the year Insurance expense for the year 16,000 1,750 2,200 Retained earnings at the beginning of the year 6,000 No common stock is issued during 2021. Required: 1. Prepare the income statement for Cornhusker Company on December 31, 2021. 2. Prepare the statement of stockholders' equity for Cornhusker Company on December 31, 2 3. Prepare the balance sheet for Cornhusker Company on December 31, 2021.
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