Problem 1-5A Prepare Financial Statements

Problem 1-5A Prepare financial statements (LO1-3) Cornhusker 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 Service revenue recognized during the year Salary expense for the year Accounts payable to suppliers Dividends paid to shareholders during the year Common stock that has been issued prior to 2021 Salaries owed at the end of the year Insurance expense for the year Retained earnings 'at the beginning of the year $ 4,400 6,600 20,000 12,000 4,500 6,800 35,000 12,900 2,000 2,800 15,000 2,200 3,100 6,900 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, 2021 3. Prepare the balance sheet for Cornhusker Company on December 31, 2021. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare the income statement for Cornhusker Company on December 31, 2021. CORNHUSKER COMPANY Income Statement For the year ended December 31, 2021 Expenses: Total Expenses 0 Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare the statement of stockholders' equity for Cornhusker Company on December 31, 2021. CORNHUSKER COMPANY Statement of Stockholders' Equity For the year ended December 31, 2021 Common Stock Retained Earnings Total Stockholders' Equity Beginning Balance Ending Balance Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare 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 Total Liabilities and Stockholders' Equity 0 Total Assets $ 0 $ 0