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Longhorn Corporation provides low cost food delivery services to senior citizens At the end of the year the company reports the following amounts In addition the company had common stock of

Longhorn Corporation provides low-cost food delivery services to senior citizens. At the end of the year, the company reports the following amounts:

In addition, the company had common stock of $30,000 at the beginning of the year and issued an additional $3,000 during the year. The company also had retained earnings of $16,200 at the beginning of the year.

Required:

Prepare the income statement, statement of stockholders’ equity, and balance sheet for Longhorn Corporation.

Apr 25 2020 View more View Less

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