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ES Here are incomplete financial statements for Blossom Company. Calculate the missing amounts. BLOSSOM COMPANY Balance Sheet Assets Cash $30,000 X Supplies (a) Equipment (net)

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ES Here are incomplete financial statements for Blossom Company. Calculate the missing amounts. BLOSSOM COMPANY Balance Sheet Assets Cash $30,000 X Supplies (a) Equipment (net) 63,100 X Total assets (b) Liabilities and Stockholders' Equity Liabilities Notes payable $22,800 Stockholders' Equity Common stock 36,900 X Retained earnings (c) x Total liabilities and stockholders' equity (d) BLOSSOM COMPANY Income Statement Total liabilities and stockholders' equity (d) BLOSSOM COMPANY Income Statement $59,500 Revenues Depreciation expense (e) Salaries and wages expense 10,600 1,500 Interest expense Net income $25,000 BLOSSOM COMPANY Retained Earnings Statement Beginning retained earnings (f) X Add: Net income (9) Less: Dividends 5,300 Ending retained earnings $38,000 LINK TO TEXT

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