island 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 $38,000 at the beginning of the year and issued an additional $3,800 during the year. the company also had retained earnings of $18,000 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 Somplete this question by entering your answers in the tabs below. 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.