IGNMENT RESOURCES Blossom Company Income Statement For the Year Ended December 31, 2017 201-Chapter 2 ianment Exercise 2-1 Problem 2-3A (Part Net sales Cost of goods sold Selling and administrative expenses Interest expense Income tax expense Net income $2,232,300 1,026,100 924,000 98,000 70,430 $113,770 Brief Exercise 2-6 Exercise 2-12 view Score view Results by Blossom Company Balance Sheet December 31, 2017 Assets Current assets Cash Debt investments Accounts receivable (net) Inventory 73,900 85,430 182,300 163,100 504,730 589,000 $1,093,730 Total current assets Plant assets (net) Total assets Liabilities and Stockholders Equity Current liabilities Accounts payable Income taxes payable Total current liabilities 173,800 36,930 210,730 212,500 423,230 Bonds payable Total liabilities Common stock Retained earnings Total stockholders equity 363,700 306,800 670,500 $1,093,730 Total liabilities and stockholders' equity Additional information: The net cash provided by operating activities for 2017 was $204,600. The cash used for Type here ip search