December 81,2092\ December 31,2021\ cosh\

$34500

\

$192500

\ Accounts receivelbe(net)\ 76,000\ 122500\ Inventody\ 191,000\ 170,000\ Accountspeoplite\ 51,000\ 92000\ Notespoyctle\ 30500\ 64500\ Connucanstodk

$100

per\ 3940000\ 394000\ Reteined earnings\ 119000\ 108500\ Adtrionaliformation:\ Theineatory turnover is 370 times\ Theacounts receivellaturnover is 7.60 tines\ Therehumonesets is

1250%

\ Total essetsat Decenter 31,2021, were

$6000,000

.\ Compute thefollowing for Blossom Corporetion.\ Cost of Boodssoldfor 2022\ (i) Netcreditsales for 2022

December 81,2092 December 81,2021 cash $34,500 $19,500 Acountsrecelivelle(net) 76,000 122500 Imentory 191,000 170,000 Accounts porathe 51,000 92,000 Notespaychle 30,500 C4500 Commonstodk $100 per 394000 394000 Reterined earnines 119,000 100500 Adtrionalifurmation: 1. Theinentory turnover 3370 times 3. Theacounts reseiveble turnover is 7.60 times 4 Therehrmonasets is 1250% 5. Totel assetsat December 31,2021, were $600,000. Compute thefollowing for Blossom Corporation. (1) Cost of goodssoldfor 2022 $ 657350 (1) Netcreditsalesfor 2002 s 758100