sland Corporation provides low-cost food delivery services to senior citizens. At the end of the year on December 31,2024 , the company reports the following amounts: n addition, the company had common stock of $38,000 at the beginning of the year and issued an additional $3,800 during the ye The company also had retained earnings of $18,000 at the beginning of the year. Required: 1. Prepare the income statement for Island Corporation. 2. Prepare the statement of stockholders' equity for Island Corporation. 3. Prepare the balance sheet for Island Corporation. Complete this question by entering your answers in the tabs below. Prepare the income statement for Island Corporation