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Swanson Corporation provides low-cost food delivery services to senior citizens. At the end of the year on December 31, 2024, the company reports the
Swanson 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: Cash Equipment Accounts payable Delivery expense Rent expense $1,300 Service revenge 28,500 4,300 Salaries expense Buildings 2,500 5,400 Supplies Salaries payable $67,200 53,300 39,000 3,300 900 ook nt ences In addition, the company had common stock of $39,000 at the beginning of the year and issued an additional $3,900 during the year. The company also had retained earnings of $18,000 at the beginning of the year. Required: 1. Prepare the income statement for Swanson Corporation. 2. Prepare the statement of stockholders' equity for Swanson Corporation. 3. Prepare the balance sheet for Swanson Corporation. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare the statement of stockholders' equity for Swanson Corporation. SWANSON CORPORATION Statement of Stockholders' Equity For the year ended December 31, 2024 Beginning balance Common Stock Retained Earnings Total Stockholders' Equity
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