Reference no: EM132465257

Cornhusker Company provides the following information at the end of 2021.

Cash remaining                                               $4,800

Rent expense for the year                                  7,000

Land that has been purchased                            21,000

Retained earnings                                             12,400

Utility expense for the year                                  4,900

Accounts receivable from customers                       7,200

Service revenue recognized during the year              37,000

Salary expense for the year                                   13,300

Accounts payable to suppliers                                   2,200

Dividends paid to shareholders during the year               3,200

Common stock that has been issued prior to 2021           16,000

Salaries owed at the end of the year                               2,400

Insurance expense for the year                                        3,500

Retained earnings at the beginning of the year                   7,300

• No common stock is issued during 2021.

Required:

Question 1: Prepare the income statement for Cornhusker Company on December 31, 2021.

Question 2: Prepare the statement of stockholders' equity for Cornhusker Company on December 31, 2021.

Question 3: Prepare the balance sheet for Cornhusker Company on December 31, 2021.