Current Attempt in Progress You are presented with the following alphabetical list of accounts and balances (in thousands) for Blossom Enterprises Inc. at June 30, 2021. All accounts have a normal balance. Accounts payable $ 4,000 Income tax payable $ 200 Accounts receivable 3,500 Interest expense 200 5,000 Land 12,400 Accumulated depreciation-buildings Accumulated depreciation-equipment 1.000 3,200 Buildings 15,000 15,000 Cash 1,800 3,300 Long-term investments Mortgage payable, due 2025 Office expense Prepaid insurance Retained earnings Service revenue 5,000 900 Common shares Dividends declared 2,000 6,250 Equipment 3,500 24,150 Income tax expense 1,000 Salaries expense 13,800 Prepare a statement of income for the year. (Enter amounts in thousands.) BLOSSOM ENTERPRISES INC. Statement of Income Year Ended June 30, 2021 Service Revenue $ Expenses Salaries Expense $ Income Tax Expense Interest Expense IN Net Income/(Loss) $ Prepare a statement of changes in equity for the year. (Enter amounts in thousands. If an amount reduces the account balance then enter with negative sign or parentheses eg. (45) or-45.) BLOSSOM ENTERPRISES INC. Statement of Changes in Equity Common Shares Retained Earnings Total Equity $ $ $ $ Prepare a statement of financial position for the year. (Enter amounts in thousands. List current assets in order of liquidity and Property, Plant, and Equipment in order of Land, Buildings, and Equipment.) BLOSSOM ENTERPRISES INC. Statement of Financial Position Year Ended June 30, 2021 Assets Current Assets Cash $ 18 Accounts Receivable 3: Prepaid Insurance I Prepaid Insurance $