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Current liabilities Long-term liabilities Common stock Retained earnings $76,000 $71,000 85,000 95,000 335,000 305,000 278,600 227,300 Total liabilities and stockholders' equity $774,600 $698,300 BlossomCorporation

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Current liabilities Long-term liabilities Common stock Retained earnings $76,000 $71,000 85,000 95,000 335,000 305,000 278,600 227,300 Total liabilities and stockholders' equity $774,600 $698,300 BlossomCorporation Income Statements For the Years Ended December 31 2022 2021 Sales revenue $751,000 $671,000 Cost of goods sold 440.000 400,000 Operating expenses (including income taxes) 240,000 220,000 Net income $71.000 $51,000

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