Problem 1-5A Prepare financial statements (LO1-3)

Cornhusker Company provides the following information at the end of 2021.

Prepare the income statement for Cornhusker Company on December 31, 2021. CORNHUSKER COMPANY Income Statement For the year ended December 31, 2021 Service Revenue Expenses: Total Expenses 0\fPrepare the balance sheet for Cornhusker Company on December 31, 2021. CORNHUSKER COMPANY Balance Sheet December 31, 2021 Assets Liabilities Total Liabilities 0 Stockholders' Equity Total Stockholders' Equity 0 Total Assets $ 0 Total Liabilities and Stockholders' Equity 0Cash remaining $ 3,800 Rent expense for the year 6,000 Land that has been purchased 20,000 Retained earnings 11,400 Utility expense for the year 3,900 Accounts receivable from customers 6,200 Service revenue recognized during the year 32,000 Salary expense for the year 12,300 Accounts payable to suppliers 1,?00 Dividends paid to shareholders during the year 2,200 Common stock that has been issued prior to 2021 15,000 Salaries owed at the end of the year 1,900 Insurance expense for the year 2,500 Retained earnings at the beginning of the year 6,300