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Condensed financial data of Blossom Company for 2025 and 2024 are presented below. Cash Receivables Inventory Plant assets Blossom Company Comparative Balance Sheet As of
Condensed financial data of Blossom Company for 2025 and 2024 are presented below. Cash Receivables Inventory Plant assets Blossom Company Comparative Balance Sheet As of December 31, 2025 and 2024 Accumulated depreciation Long-term investments (held-to-maturity) 2025 $1,800 1,770 1,560 1,900 (1,220) 1,300 $7110 2024 $1,130 1,320 1,890 1,700 (1,180) 1,430 $6.200 BLOSSOM COMPANY STATEMENT OF CASH FLOWS (Indirect Method) $ Adjustments to reconcile net income to $ Condensed financial data of Blossom Company for 2025 and 2024 are presented below. \begin{tabular}{|c|c|} \hline Accounts payable & $1,220 \\ \hline Accrued liabilities & 190 \\ \hline Bonds payable & 1,410 \\ \hline Common stock & 1,870 \\ \hline \multirow[t]{2}{*}{ Retained earnings } & 2,420 \\ \hline & $7,110 \\ \hline \end{tabular} Blossom Company Income Statement For the Year Ended December 31, 2025 Sales revenue Cost of goods sold Gross margin Selling and administrative expense Income from operations Other revenues and gains Gain on sale of investments Income before tax Income tax expense Net income $6,860 \begin{tabular}{l} 4,710 \\ \hline 2,150 \end{tabular} 920 1,230 801,310530780
Condensed financial data of Blossom Company for 2025 and 2024 are presented below. Cash Receivables Inventory Plant assets Blossom Company Comparative Balance Sheet As of December 31, 2025 and 2024 Accumulated depreciation Long-term investments (held-to-maturity) 2025 $1,800 1,770 1,560 1,900 (1,220) 1,300 $7110 2024 $1,130 1,320 1,890 1,700 (1,180) 1,430 $6.200
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