2. Prepare the statement of stockholders' equity for Longhorn Corporation. 3. Prepare the balance sheet...
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2. Prepare the statement of stockholders' equity for Longhorn Corporation. 3. Prepare the balance sheet for Longhorn Corporation. 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 $ 1,200 Service revenue 29,000 Cost of goods sold (food expense) 4,400 Buildings 2,680 Supplies 5,500 Salaries payable $67,700 53,400 40, e 3,400 800 In addition, the company had common stock of $40,000 at the beginning of the year and issued an additional $4,000 during the year The company also had retained earnings of $18,200 at the beginning of the year
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