Someone please do this for me and explain how you did it. I tried and i seriously just have no idea

DUM Check Problem 1-58 Prepare financial statements (L01-3) Tar Heel Corporation provides the following information at the end of 2021. Salaries payable to workers at the end of the year Advertising expense for the year Building that has been purchased Supplies at the end of the year Retained earnings Utility expense for the year Note payable to the bank Service revenue recognized during the year Salary expense for the year Accounts payable to suppliers Dividends paid to shareholders during the year Connon stock that has been issued, including 54,000 that was issued this year Cash remaining Interest expense for the year Accounts receivable from customers Retained earnings at the beginning of the year $ 1,600 8,700 63, cee 2.900 33,800 4.300 16, See 60,000 25,000 6,000 (7) 23,000 3.500 1,250 11,500 21,450 Required: 1. Prepare the income statement for the year ended December 31, 2021 2. Prepare the statement of stockholders' equity for the year ended December 31, 2021. 3. Prepare the balance sheet for the year ended December 31, 2021 Ut stockholders' equity for the year ended December 31, 2021. 3. Prepare the balance sheet for the year ended December 31, 2021. 7 points Complete this question by entering your answers in the tabs below. % 02:00 Required 1 Required 2 Required 3 eBook Prepare the income statement for the year ended December 31, 2021. Print TAR HEEL CORPORATION Income Statement For the year anded December 31, 2021 References Expenses Total Expenses Required 2 > Required 1 Required 2 Required 3 eBook Prepare the statement of stockholders' equity for the year ended December 31, 2021. Print TAR HEEL CORPORATION Statement of Stockholders' Equity For the year ended December 31, 2021 Retained Common Stock Earnings . References Total Stockholders' Equity Beginning Balance Ending Balance Prepare the balance sheet for the year ended December 31, 2021. TAR HEEL CORPORATION Balance Sheet December 31, 2021 Assets Liabilities aces Total Liabilities 0 Stockholders' Equity D Total Stockholders' Equity Total Liabilities and Stockholders' Equity 0 5 0 Total Assets $ c DUM Check Problem 1-58 Prepare financial statements (L01-3) Tar Heel Corporation provides the following information at the end of 2021. Salaries payable to workers at the end of the year Advertising expense for the year Building that has been purchased Supplies at the end of the year Retained earnings Utility expense for the year Note payable to the bank Service revenue recognized during the year Salary expense for the year Accounts payable to suppliers Dividends paid to shareholders during the year Connon stock that has been issued, including 54,000 that was issued this year Cash remaining Interest expense for the year Accounts receivable from customers Retained earnings at the beginning of the year $ 1,600 8,700 63, cee 2.900 33,800 4.300 16, See 60,000 25,000 6,000 (7) 23,000 3.500 1,250 11,500 21,450 Required: 1. Prepare the income statement for the year ended December 31, 2021 2. Prepare the statement of stockholders' equity for the year ended December 31, 2021. 3. Prepare the balance sheet for the year ended December 31, 2021 Ut stockholders' equity for the year ended December 31, 2021. 3. Prepare the balance sheet for the year ended December 31, 2021. 7 points Complete this question by entering your answers in the tabs below. % 02:00 Required 1 Required 2 Required 3 eBook Prepare the income statement for the year ended December 31, 2021. Print TAR HEEL CORPORATION Income Statement For the year anded December 31, 2021 References Expenses Total Expenses Required 2 > Required 1 Required 2 Required 3 eBook Prepare the statement of stockholders' equity for the year ended December 31, 2021. Print TAR HEEL CORPORATION Statement of Stockholders' Equity For the year ended December 31, 2021 Retained Common Stock Earnings . References Total Stockholders' Equity Beginning Balance Ending Balance Prepare the balance sheet for the year ended December 31, 2021. TAR HEEL CORPORATION Balance Sheet December 31, 2021 Assets Liabilities aces Total Liabilities 0 Stockholders' Equity D Total Stockholders' Equity Total Liabilities and Stockholders' Equity 0 5 0 Total Assets $ c