the income statement, indicate whether it would be classited as a revenue or an expen, classified as operating, investing, or financing activity 1. 2 3 Transactions Wildcat issues common stock to Falcon Wildcat tends to Falcon by accepting a note Wildcat receives services from Falcon Wildcat receives interest from Falcon on lending Wildcats Related Account Common stock Notes receivable Service to expense Interest revenue Financial Statement Balance sheet Income statement Income statement Income statement Accent Asset Revenue Expense Revenue Activity Investing Operating Financing Operating 4. arded Cash Equipment Accounts payable Delivery expense Salaries expense $ 1,400 Service revenue 23,500 cost of goods sold food expense) 3,300 Buildings 2,700 Supplies 5,609 Salaries payable 568,290 $3,500 29,209 2300 700 2. Prepare the statement of stockholders equity For Longo 3. Prepare the balance sheet for Longhom 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 Longhorn Corporation. LONGHORN CORPORATION Statement of Stockholders Equity For the year ended Dec 31, 2021 Common Retained Stock Earnings Beginning balance S 29.000 13,900 Issuance of common stock 2.900 Add: Net loss 6.400 31,900 IS 20.300 Ending balance Total Stockholders Equity s 42 900 2.900 6.400 52 200 * Required 1 Required 3 > Required 1 Required 2 Required 3 Prepare the balance sheet for Longhorn Corporation. LONGHORN CORPORATION Balance Sheet Dec 31, 2021 Liabilities Assets IS $ DIS 3,300 5,500 Cash Supplies Equipment Buildings 1,400 Accounts payable 2,300 Salaries payable 23,500 29,000 + Total liabilities 8.900 Stockholders' Equity Common stock 29,000 13,900 % Retained earnings Total stockholders equity Total abilities and stockholders equity 42 900 51 800 S $ Total assets 56,200 Required 2 CH