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Blossom Co. had sales revenue of $555,800 in 2020. Other items recorded during the year were: Cost of goods sold Salaries and wages expense Income
Blossom Co. had sales revenue of $555,800 in 2020. Other items recorded during the year were: Cost of goods sold Salaries and wages expense Income tax expense Increase in value of company reputation Other operating expenses Unrealized gain on value of patents $327,300 129,100 27,940 17,390 12,900 22,530 Prepare a single-step income statement for Blossom for 2020. Blossom has 107,300 shares of stock outstanding. (Round earnings per share to 2 decimal places, e.g. 1.48.) BLOSSOM CO. Income Statement $ $
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