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Help Save & Exi Check Longhorn Corporation provides low-cost food delivery services to senior citizens....

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Accounting

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Help Save & Exi Check Longhorn Corporation provides low-cost food delivery services to senior citizens. At the end of the year on December 31, 2021 the company reports the following amounts: Cash Equipment Accounts payable Delivery expense Salaries expense $ 1,300 Service revenue 21,500 cost of goods sold (food expense) 2,988 Buildings 3,100 Supplies 6,809 Salaries payable $78,209 53,9ee 25, een 1.980 900 In addition, the company had common stock of $25,000 at the beginning of the year and issued an additional $2.500 during the year. The company also had retained earnings of $11.200 at the beginning of the year. Required: 1. Prepare the income statement for Longhorn Corporation 2. Prepare the statement of stockholders' equity for Longhorn Corporation 3. Prepare the balance sheet for Longhorn Corporation Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare the income statement for Longhorn Corporation. LONGHORN CORPORATION Income Statement For the year ended Doc.31. 2021 Service revenue Cost of goods sold Expenses $ 70.200 53.800 FEE Next

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