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Here are incomplete financial statements for Blossom Company. Calculate the missing amounts. BLOSSOM COMPANY Balance Sheet Assets Cash $13,300 Inventory 16,300 Buildings 38,700 Total assets

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Here are incomplete financial statements for Blossom Company. Calculate the missing amounts. BLOSSOM COMPANY Balance Sheet Assets Cash $13,300 Inventory 16,300 Buildings 38,700 Total assets $68,300 Liabilities and Stockholders' Equity Liabilities Accounts payable $ 5,100 Stockholders' Equity Common stock (a) Retained earnings (b) Total liabilities and stockholders' equity $68,300 N Total liabilities and stockholders' equity $68,300 BLOSSOM COMPANY Income Statement Revenues $85,500 Cost of goods sold (c) Salaries and wages expense 10,080 Net income $ (d) BLOSSOM COMPANY Retained Earnings Statement Beginning retained earnings $18,300 Add: Net income (e) Less: Dividends 4,070 Ending retained earnings $33,300 e Textbook and Media Save for Later

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