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Cornhusker Company provides the following information at the end of 2021. Cash remaining $ 3,900 Rent expense for the year 6,100 Land that has been
Cornhusker Company provides the following information at the end of 2021. Cash remaining $ 3,900 Rent expense for the year 6,100 Land that has been purchased Retained earnings 21,000 11,500 Utility expense for the year 4,000 Accounts receivable from customers 6,300 Service revenue recognized during the year Salary expense for the year 32,500 12,400 Accounts payable to suppliers 1,750 2,300 Dividends paid to shareholders during the year Common stock that has been issued prior to 2021 Salaries owed at the end of the year 16,000 1,950 Insurance expense for the year Retained earnings at the beginning of the year 2,600 6,400 No common stock is issued during 2021. Required: 1. Prepare the income statement for Cornhusker Company on December 31, 2021. 2. Prepare the statement of stockholders' equity for Cornhusker Company on December 31, 2021. 3. Prepare the balance sheet for Cornhusker Company on December 31, 2021
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