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Here are incomplete financial statements for Blossom Company. Calculate the missing amounts. BLOSSOM COMPANY Balance Sheet Assets Cash $ 12,000 Inventory 15,000 Buildings 40,000 Total

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Here are incomplete financial statements for Blossom Company. Calculate the missing amounts. BLOSSOM COMPANY Balance Sheet Assets Cash $ 12,000 Inventory 15,000 Buildings 40,000 Total assets $67,000 Liabilities and Stockholders' Equity Liabilities Accounts payable $ 5,000 Stockholders' Equity Common stock (a) Retained eaming (b) Total liabilities and stockholders' equity $67,000 BLOSSOM COMPANY Income Statement $84,000 Revenues ---- Total liabilities and stockholders' equity $67,000 BLOSSOM COMPANY Income Statement $84,000 Revenues Cost of goods sold (c) Salaries and wages expense 10,000 Net income (d) BLOSSOM COMPANY Retained Earnings Statement Beginning retained earnings $17,000 Add: Net income Less: Dividends 4,000 Ending retained earnings $32,000 Click if you would like to Show Work for this question: Open Show Work

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