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BLOSSOM PAINTS LTD. Adjusted Trial Balance December 31, 2021 Debit Credit Accounts payable $40,419 Accounts receivable $26,200 Accumulated depreciation-equipment 17,982 Accumulated depreciation-building 107,670 Accumulated other

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BLOSSOM PAINTS LTD. Adjusted Trial Balance December 31, 2021 Debit Credit Accounts payable $40,419 Accounts receivable $26,200 Accumulated depreciation-equipment 17,982 Accumulated depreciation-building 107,670 Accumulated other comprehensive income (loss) January 1, 2021 0 Advertising expense 5.800 Building 314,500 Cash 133,200 Cash dividends-common 11,100 Common shares (13.320 issued) 188.700 Contributed surplus-reacquisition of common shares 5,550 Cost of goods sold 304.880 Depreciation expense 21,460 Dividends payable 740 Equipment 70,300 Gain on sale of equipment 629 Income tax expense Income tax payable 0 Interest expense 3,441 Merchandise inventory 61,760 Office expense 8.140 Other comprehensive income-holding loss on equity investment (before income tax) 3.996 Retained earnings, January 1, 2021 25,887 Sales 577,200 $964,777 $964,777 BLOSSOM PAINTS LTD. Statement of Comprehensive Income $ $ > $ Prepare a statement of changes in shareholders' equity. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) BLOSSOM PAINTS LTD. Statement of Changes in Shareholders' Equity Common Shares Contributed Surplus- Reacquisition of Common Shares Retained Earnings Accui Cor Ini Balance, January 1 $ $ $ $ Cash dividends Comprehensive income Balance, December 31 $ $ $ $ e Textbook and Media Prepare the shareholders' equity section of the balance sheet at December 31, 2021. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) BLOSSOM PAINTS LTD. Partial Balance Sheet $

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