Blossom Corporation's trial balance at Decembar $31,2022,$ is presentad below. All $2022$ transactions have been recordad evespt for Unracordad transactions and adjustments:

On January $1,2022,$ Qlassom issuad $800$ sharas of $$20$ par, $696$ prafarrad stock for $$17,600.$

On January $1,2022,$ Qlassom abo izsusd $900$ sharas of comman stack for $$19,400.$

Blossom reacquirsd $240$ shares of its comman stock an July $1,2022,$ for $$49$ per share.

On December $31,2022,$ Blossom declared the annual cash dividend on the preferrad stock and a $$1\mathrm{.}50$ par share dividand on

the outstanding common stock, all payable on January $15,2023.$

Blossom astimates that uncollactible accounts racaivable at year$-$and are $$4,090.$

The building is baing dapreciated using the straigt$-$line mathod ower $30$ yaars. The salvage value is $$4,000.$

The aquipment is baing depraciated using the straight$-$line mathod ovar $10$ yaars. The salvage value is $$3,200.$

The unaarnad rant was collactad on Oetobse $1,2022.$ It was raceipt of $4$ months' rant in advance $($Oetobse $1,2022$ through

Jantary $31,2023).$

The $10$ bonds payable pay intarest every January $1.$ The interast for the $12$ manths andad Decamber $31,2022,$ has nat

bsen paid or racordad. Your answer is corract.

Prapara journal entriss for the transactions and adjustmant listad above $($Credit account titles are automatically indented when

amount is entered. Do not indent manually

No$.$ Account Titles and Explanation

Coah

Treaaury Stock

Accemulatsd Depreclation$-$Suldinca

Accumulatad Depreclation$-$Equipmart

B$.$

$$

Debit

$1$

$11600$

$11760$

$5400$

$2890$

$48000$

$$

$4000$

$44000$ BLapaM cegPORUTI

Adblurtal Trilal Galanc:Prepare a multiple$-$step income statement for the year ending December $31,2022.($List other revenues before other expenses.$)$

BLOSSOM CORPORATION

Income Statement

$

$

the itares described balow.