Blooming Flower Company was started in Year 1 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 Purchases of Inventory Sales Cost of goods sold Selling and administrative expenses Year 1 $23,900 26, 200 12,900 5,340 Year $10,700 31,900 17,600 8,10 Year 3 $18,600 36,200 19,400 9.500 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 a 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 Year 1 Year 2 Year 3 Assets Total assets $ 0 $ 0 0 $ Liabilities Stockholders' equity 0 0 0 Total stockholders' equity Total liabilities and stockholders' equity 0 $ $ 0 GA 0 $ saved Complete this question by entering your answers in the tabs below. Income Statements Balance Sheets Prepare an income statement (use multistep format) for each fiscal year. (Hint: Record the transaction data f accounting period in the accounting equation before preparing the statements for that year.). BLOOMING FLOWER COMPANY Income Statements For the Year Ended December 31 Year 1 Year 2 Year 3 0 0 Operating expenses $ 0 $ Balance Sheets >