Problem 1-3A Prepare financlal statements (LO1-3) Longhon 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: $65,700 53,0ee 36, eee 3,00e 9ee $ 1,300 Service revenue 27,eee Cost of goods sold (food expense) 4,eee Buildings 2,20e Supplies 5,180 Salaries payable Cash Equipment Accounts payable Delivery expense Salaries expense In addition, the company had common stock of $36,000 at the beginning of the year and issued an additional $3,600 during the year The company also had retained earnings of $17,400 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 3 Required 2 Required 1 Prepare the income statement for Longhorn Corporation. LONGHORN CORPORATION Income Statement For the year ended Dec. 31, 2021