Blooming Flower Company was started In Year $1$ when it acquired $$61,500$ cash from the Issue of common stock. The following data

summarize the company's first three years' operating activitles. Assume that all transactlons were cash transactions.

Required

Prepare an Income statement $($use multistep format$)$ and balance sheet for each fiscal year. $($Hint: Record the transaction data for each

accounting perlod in the accounting equation before preparing the statements for that year.$)$

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Income

Statements

Balance

Sheets

Prepare an income statement $($use multistep format$)$ for each fiscal year. $($Hint: Record the transaction data for each

accounting period in the accounting equation before preparing the statements for that year.$)$