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10 of 10 < -/13 E Current Attempt in Progress On December 31, 2022, Blossom Company prepared an income statement and balance sheet, but failed

10 of 10 < -/13 E Current Attempt in Progress On December 31, 2022, Blossom Company prepared an income statement and balance sheet, but failed to take into account three adjustments. The balance sheet showed total assets $183,000, total liabilities $85,400, and stockholders' equity $97,600. The incorrect income statement showed net income of $85,400. The data for the three adjustments were: 1. 2. Salaries and wages amounting to $12,200 for the last 2 days in December were not paid and not recorded. The next payroll will be in January. Rent payments of $9,760 were received for two months in advance on December 1. The entire amount was recorded as Unearned Rent Revenue when received. 3. Depreciation expense for 2022 is $10,980. omplete the following table to correct the financial statement amounts shown. (Enter negative amounts using either a negative sign eceding the number eg. -45 or parentheses eg. (45).) em Net Income Total Assets $25.400 $182.000 Total Liabilities Sto $25.400 Unearned Rent Revenue when received. 3 Depreciation expense for 2022 is $10,980. -/13 Complete the following table to correct the financial statement amounts shown. (Enter negative amounts using either a negative sign preceding the number es-45 or parentheses eg. (45)) Item Incorrect balances Effects of: Salaries and Wages Rent Revenue Depreciation Correct balances $ Save for Later Net Income Total Assets Total Liabilities Sto $85,400 $183,000 $85,400 Attempts: 0 of 1 used Submit

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