HOw do you get net income

Question 8 of 8

Question 8 of 8 Cash Inventory Buildings Total assets Liabilities Accounts payable BLOSSOM COMPANY Balance Sheet Assets $ 13,300 16,300 38,700 $68,300 Liabilities and Stockholders' Equity Stockholders' Equity Common stock Retained earnings Total liabilities and stockholders' equity $ 5,100 29,900 33,300 $68,300 (a) (b)