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A comparative balance sheet for Blossom Company appears below: BLOSSOM COMPANY Comparative Balance Sheet Dec. 31, 2022 Dec. 31, 2021 Assets Cash Accounts receivable
A comparative balance sheet for Blossom Company appears below: BLOSSOM COMPANY Comparative Balance Sheet Dec. 31, 2022 Dec. 31, 2021 Assets Cash Accounts receivable $57,000 $22,500 41,000 24,500 Inventory Prepaid expenses 48,000 28.500 17,500 32.000 Long-term investments Equipment Accumulated depreciation-equipment Total assets 0 40,000 94,500 44,500 (43,000) (26,500) $215,000 $165,500 Liabilities and Stockholder's Equity Accounts payable $40,000 $18,500 Bonds payable 47,500 68,000 Common stock 63,000 34,500
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