Problem $1-3$A $($Algo$)$ Prepare financial statements $($LO$1-3)$

Bue Lagoon Corporstion provides low$-$cont food delivery services to serior citizens. At the endef the year on December $3$t$,20$a$4,$ the comphly reports the following amounts:

$\backslash$table$[[$tor$,11,{?}^{en},$Gervice revthat,$172,34],[$teuipeent$.,19,$ eve,Gataries expenie,$54,404],[$Accoumts problit,$3,483,$Sillitingt,$1,],[$lelivery expenst,$3,600,$Suphlies,$1,4910],[145$t tepenas,$6,5$ee$,$Sataries payable,$709]]$

In edotion the compary had common stock of $$20,000$ at the begining of the yew and issued an additional $52\mathrm{.}000$ during the year The compary also had retained earmings of $$8,500$ ot the begirning of the yewe

Enentret

$4.$ Prepere the income sabement for llue Lagoon Corporation.

$2.$ Prepere the sabement of shockholders' equily for live Lagoon Corporation

$3.$ Prepare the balance wheet for H

Cemplete this epaptipe by entering pore anewers in the tabs below.

A$+$pins?

Theptet the ricome statement for Bise inpoun Corporgtion,

$\backslash$table$[[],[$Intwet Materat$],[],[,],[,],[$Fequrse$],[,1],[,]]$