Exercise 1-11 (Part Level Submission) Blossom Company is the world's leading producer of ready-to-eat cereal and a leading producer of grain-based convenience foods such as frozen waffles and cereal bars. Suppose the following items were taken from its 2017 income statement and balance sheet. (Al dollars are in millions.) $5,500 Retained earnings 7,040 fsotative expenses380 3,410 Selling and administrative expenses Cash Notes payable Interest expense Bonds payable Inventory Sales revenue 40 210 4,300 930 12,600 1,130 130 Accounts payable Common stock Income tax expense 410 (a) Your answer is partially correct. Try again. In each case, identify whether the item is an asset,liability, stockholders' equity, revenue, or expense. Retained earnings Stockholders' Equity Cost of goods sold Revenue Selling and administrative expenses Expense , Cash tD) Prepare an income statement for Blossom Company for the year ended December 31, 2017. (Enter amounts in millions, e.g. 45.) Blossom Company Income Statement (in millions SHOW LIST OF ACCOUNTS LINK TO TEXT VIDEO: APPLIED SKILLS