Ch12 HW Question 4 of 4 < *** education.wiley.com Presented below are the financial statements of Blossom Company. Blossom Company Comparative Balance Sheets December 31 Assets 2022 2021 Cash $ 98,000 $ 56,000 Accounts receivable 56,000 39,200 Inventory 78,400 56,000 Property, plant, and equipment 168,000 218,400 Accumulated depreciation (89,600) (67,200) Total $310,800 $302,400 Liabilities and Stockholders' Equity Accounts payable $53,200 $ 42,000 Income taxes payable 19,600 22,400 Bonds payable 47,600 92,400 Common stock 50,400 39,200 Retained earnings 140,000 106,400 $210.800 $202.400