Blue Lagoon Corporation provides low-cost food delivery services to senior citizens. At the end of the year on December 31 , 2024, the company reports the following amounts: In addition, the company had common stock of $37,000 at the beginning of the year and issued an additional $3,700 during the year. The company also had retained earnings of $17,700 at the beginning of the year. Required: 1. Prepare the income statement for Blue Lagoon Corporation. 2. Prepare the statement of stockholders' equity for Blue Lagoon Corporation. 3. Prepare the balance sheet for Blue Lagoon Corporation