An alphabetical list of Blossoms Company adjusted accounts at its fiscal year end, August 31, 2021, follows. All accounts have normal balances. Accounts payable Accumulated depreciation equipment Accumulated depreciation-furniture Cash Cost of goods sold Depreciation expense Equipment Furniture Insurance expense Interest expense Interest payable Merchandise inventory $15,590 14,000 17,500 22,020 271,900 7,070 35,000 42,000 3,575 2,140 615 70,950 Notes payable Prepaid insurance R. Smistad, capital R. Smistad, drawings Rent expense Salaries expense Salaries payable Sales Sales returns and allowances Supplies Supplies expense Unearned revenue $42,000 575 65,750 74,000 24,600 50,900 2,250 468,000 16,300 950 6,325 2,600 Additional information: 1. Of the notes payable, $6,600 becomes due on February 17, 2022. The balance is due in 2023. 2. On July 18, 2021, R. Smistad invested $4,200 cash in the business. BLOSSOM COMPANY Income Statement > $ BLOSSOM COMPANY Statement of Owner's Equity $ $ > $ PLOSSOM COMP Polonca u Arte Lisbier Equity Gross profit margin % Profit margin %