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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 following
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 revenue 28,500 Salaries expense 4,300 Buildings Supplies Salaries payable 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. Required 1 2,500 5,400 Complete this question by entering your answers in the tabs below. Expenses: Required 2 Required 3 Prepare the income statement for Swanson Corporation. Total expenses SWANSON CORPORATION Income Statement For the year ended December 31, 2024
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