Blooming Flower Company was started in 2018 when it acquired $60,300 cash from the issue of common stock. The following data summarize the company's first three years' operating activities. Assume that all transactions were cash transactions. Purchases of inventory Sales Cost of goods sold Selling and administrative expenses 2018 $23,400 27,100 11,600 5,420 2019 $11,100 30,600 16,700 8, 110 2020 $20,300 36,100 19,600 9, 250 Required Prepare an income statement (use multistep format) and balance sheet for each fiscal year. (Hint: Record the transaction data for each accounting period in the accounting equation before preparing the statements for that year.) BLOOMING FLOWER COMPANY Balance Sheets As of Year Ended December 31 2018 2019 2020 Assets Cash Merchandise inventory 0 0 0 0 $ $ 0 $ 0 Total assets Liabilities Stockholders' equity 0 0 Total stockholders' equity Total liabilities and stockholders' equity 0 0 $ $ 0 $ 0