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Blooming Flower Company was started in 2018 when it acquired $60,900 cash from the issue of common stock. The following data summarize the company's first
Blooming Flower Company was started in 2018 when it acquired $60,900 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 2020 $18,600 37,100 19,500 9,350 2018 $22,600 26,300 13,000 5,370 2019 $10,900 30,500 17,200 8,160 Purchases of inventory Sales Cost of goods sold Selling and administrative expenses 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) Complete this question by entering your answers in the tabs below Income Statements Balance Sheets Prepare an 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
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