Tar Heel Corporation provides the following information at the end of 2021. Salaries payable to workers at the end of the year Advertising expense for the year Building that has been purchased Supplies at the end of the year Retained earnings Utility expense for the year Note payable to the bank 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, including $6,000 that was issued this year Cash remaining Interest expense for the year Accounts receivable from customers Retained earnings at the beginning of the year 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. $ 3,000 10,100 77,000 4,300 38,200 5,700 23,500 67,900 26,400 7,400 (?) 27,000 4,900 1,950 12,900 25,150 TAR HEEL CORPORATION Income Statement For the year ended December 31, 2021 Service Revenue Expenses: Salaries Expense Utilities Expense Advertising Expense Interest Expense Total Expenses Net Income 0 Beginning Balance Ending Balance TAR HEEL CORPORATION Statement of Stockholders' Equity For the year ended December 31, 2021 Common Stock Retained Earnings Total Stockholders' Equity Assets TAR HEEL CORPORATION Balance Sheet December 31, 2021 Liabilities Total Liabilities 0 Stockholders' Equity Total Stockholders' Equity 0 Total Assets $ 0 Total Liabilities and Stockholders' Equity $ 0