the company had common stock of $23,000 at the beginning of the year and issued an...

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the company had common stock of $23,000 at the beginning of the year and issued an additional $2,300 during the year. The company also had retained earnings of $10,300 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 statement of stockholders' equity for Longhorn Corporation. LONGHORN CORPORATION Statement of Stockholders' Equity For the year ended Dec. 31, 2021 Beginning balance Common Stock Retained Earnings Total Stockholders' Equity Ending balance < Required 1 Required 3 > the company had common stock of $23,000 at the beginning of the year and issued an additional $2,300 during the year. The company also had retained earnings of $10,300 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 statement of stockholders' equity for Longhorn Corporation. LONGHORN CORPORATION Statement of Stockholders' Equity For the year ended Dec. 31, 2021 Beginning balance Common Stock Retained Earnings Total Stockholders' Equity Ending balance < Required 1 Required 3 >

Answer rating: 100% (QA)

Answer Required 1 Prepare the income statement for Longhorn Corporation To prepare the income statem... View the full answer