(82) Prepare owner's equity statement. (List items that increase owner's equ BLOSSOM COMPANY Owner's Equity Statement GA V $ Click if you would like to Show Work for this question: Open Show W M Your answer is correct. Prepare an income statement. (Enter negative amounts using either a negative sign preceding the n art BLOSSOM COMPANY Income Statement For the Year Ended December 31, 2020 ady Revenues Service Revenue 59,900 Expenses Maintenance and Repairs Expense 1,800 Depreciation Expense 3,200 Insurance Expense 2,000 Salaries and Wages Expense 29,900 Utilities Expense 1,600 Total Expenses 38,500 Net Income / (Loss) 21,400 Click if you would like to show Work for this question: Open Show Work roblem 4-03A a-d (Part Level Submission) (Video) the completed financial statement columns of the worksheet for Blossom Company are shown as follows: Blossom Company Worksheet For the Year Ended December 31, 2020 Income Statement Balance Sheet Account No. Account Titles Dr. Cr. Dr. Cr. 101 112 8,800 10,600 3,000 23,800 130 157 158 201 4,500 9,200 2,500 19,700 212 Cash Accounts Receivable Prepaid Insurance Equipment Accumulated Depreciation-Equip. Accounts Payable Salaries and Wages Payable Owner's Capital Owner's Drawings Service Revenue Maintenance and Repairs Expense Depreciation Expense Insurance Expense Salaries and Wages Expense Utilities Expense Totals 301 306 11,100 400 59,900 N 622 711 722 726 732 1,800 3,200 2,000 29,900 1,600 38,500 21,400 59,900 59,900 57,300 Net Income 35,900 21,400 57,300 59,900 57,300