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In its income statement for the year ended December 31, 2017, Blossom Company reported the following condensed data. Salaries and wages expenses Cost of goods

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In its income statement for the year ended December 31, 2017, Blossom Company reported the following condensed data. Salaries and wages expenses Cost of goods sold Interest expense Interest revenue Depreciation expense 744,000 Loss on disposal of plant $133,600 3,536,000 40,000 256,000 176,000 1,579,200 Sales revenue 113,600 104,000 496,000 Income tax expense Sales discounts Utilities expense

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