Blossom Corporation's trial balance at December 31, 2022, is presented below. All 2022 transactions have been recorded except for the items described below. Debit Credit Cash $26,010 Accounts Receivable 52,020 Inventory 23,154 Land 66,300 Buildings 96,900 Equipment 40,800 Allowance for Doubtful Accounts $459 Accumulated Depreciation-Buildings 30,600 Accumulated Depreciation-Equipment 14,688 Accounts Payable 19,686 Interest Payable -0- Dividends Payable Unearned Rent Revenue -0- 8,160 Bonds Payable (10%) 51,000 Preferred Stock ($20 par) -0- Paid-in Capital in Excess of Par-Preferred Stock -0- Common Stock ($10 par) 30,600 Paid-in Capital in Excess of Par-Common Stock 6,120 Retained Earnings 76,551 Treasury Stock -0- Cash Dividends -0- Sales Revenue 581,400 Rent Revenue -0- Bad Debt Expense -0- Interest Expense -0- Cost of Goods Sold 408,000 Depreciation Expense -0- Other Operating Expenses 39,780 Salaries and Wages Expense 66,300 Total $819,264 $819,264 Unrecorded transactions and adjustments: 1. On January 1, 2022, Blossom issued 1,020 shares of $20 par, 6% preferred stock for $22,440. 2. On January 1, 2022, Blossom also issued 1,020 shares of common stock for $23,460. 3. Blossom reacquired 306 shares of its common stock on July 1, 2022, for $49 per share. 4. On December 31, 2022, Blossom declared the annual cash dividend on the preferred stock and a $1.50 per share dividend on the outstanding common stock, all payable on January 15, 2023. 5. Blossom estimates that uncollectible accounts receivable at year-end are $5,202. 6. The building is being depreciated using the straight-line method over 30 years. The salvage value is $5,100. 7. The equipment is being depreciated using the straight-line method over 10 years. The salvage value is $4,080. 8. 9. The unearned rent was collected on October 1, 2022. It was receipt of 4 months' rent in advance (October 1, 2022 through January 31, 2023). The 10% bonds payable pay interest every January 1. The interest for the 12 months ended December 31, 2022, has not been paid or recorded. (Ignore income taxes.) (a) Prepare journal entries for the transactions and adjustment listed above. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation 1. 2. 3. 4. 5. 6. 7. 8. 9. Debit Credit (b) Prepare an updated December 31, 2022, trial balance, reflecting the journal entries in part(a). BLOSSOM CORPORATION Adjusted Trial Balance $ $ Debit Credit (c) Prepare a multiple-stap income statement for the year ending December 31, 2022. (List other revenues before other expenses.) BLOSSOM CORPORATION Income Statement (d) eTextbook and Medla List of Accounts Save for Later $ $ $ Attempts: 0 of 5 used Submit Answer Prepare a retained earnings statement for the year ending December 31, 2022. (List items that increase retained earning first.) eTextbook and Media List of Accounts Save for Later BLOSSOM CORPORATION Retained Earnings Statement Attempts: 0 of 5 used Submit Answer (e) Prepare a classified balance sheet as of December 31, 2022. (List Current Assets in order of liquidity. List Property, Plant and Equipment in order of Land, Buildings and Equipment. Enter account name only and do not provide descriptive information.) BLOSSOM CORPORATION Balance Sheet Assets Liabilities and Stockholders' Equity $ $