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Here are incomplete financial statements for Blossom Company. Calculate the missing amounts. BLOSSOM COMPANY Balance Sheet Assets Cash Inventory Buildings Total assets Liabilities and

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Here are incomplete financial statements for Blossom Company. Calculate the missing amounts. BLOSSOM COMPANY Balance Sheet Assets Cash Inventory Buildings Total assets Liabilities and Stockholders' Equity $13,000 16,000 39,000 $68,000 Liabilities Accounts payable $5,400 Stockholders' Equity Common stock (a) Retained earnings (b) Total liabilities and stockholders' equity $68,000 Revenues Cost of goods sold BLOSSOM COMPANY Income Statement $84,700 (c)

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