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Problem 1-5B Prepare financial statements (LO1-3) Tar Heel Corporation provides the following information at the end of 2021. Required: 1. Prepare the income statement for

image text in transcribed Problem 1-5B Prepare financial statements (LO1-3) Tar Heel Corporation provides the following information at the end of 2021. Required: 1. Prepare the income statement for the year ended December 31, 2021. 2. Prepare the statement of stockholders' equity for the year ended December 31, 2021. 3. Prepare the balance sheet for the year ended December 31, 2021. Complete this question by entering your answers in the tabs below. Prepare the statement of stockholders' equity for the year ended December 31, 2021

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