BLOSSOM COMPANY Comparative Balance Sheet Dec. 31, 2022 Dec. 31, 2021 Assets Cash Accounts receivable Inventory Prepaid expenses $57,000 $22,500 41,000 24,500 48,000 28.500 17.500 32,000 Long-term investments Equipment Accumulated depreciation-equipment Total assets 0 -40,000 94,500 44,500 (43,000) (26,500); $215,000 $165,500 Liabilities and Stockholder's Equity Accounts payable $40,000 $18.500 Bonds payable 47,500 68,000 Common stock 63.000 34,500 Retained earnings 64,500 44,500 Total liabilities and stockholders' equity i $215,000 $165,500 Additional information: 1 Net income for the year ending December 31, 2022 was $46,500 2 Cash dividends of $26,500 were declared and paid during the year. 3. Long-term investments that had a cost of $40,000 were sold for $25.500. 4 Sales for 2022 were $131.500 No equipment was sold durine the ear BLOSSOM COMPANY Statement of Cash Flows Cash at Beginning of Period Cash at End of Period Cash Flows from Financing Activities Cash Flows from Investing Activities Cash Flows from Operating Activities Net Cash Provided by Financing Activities Net Cash Provided by Investing Activities Net Cash Provided by Operating Activities Net Cash Used by Financing Activities Net Cash Used by investing Activities Net Cash Used by Operating Activities Net Decrease in Cash Net Increase in Cash Noncash Investing and Financing Activities Question 42 of 42