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In its income statement for the year ended December 31, 2022, Blossom Company reported the following condensed data. Salaries and wages expenses $567,300 Loss on

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In its income statement for the year ended December 31, 2022, Blossom Company reported the following condensed data. Salaries and wages expenses $567,300 Loss on disposal of plant assets $101,870 Cost of goods sold 1,204,140 Sales revenue 2,696,200 Interest expense 86,620 Income tax expense 30,500 Interest revenue 79,300 Sales discounts 195,200 Depreciation expense 378,200 Utilities expense 134,200 Blossom Company Income Statement For the Year Ended December 31, 2022 Sales Sales Revenue $ Less Sales dis Net Sales $ Income From Operations Other Expenses and Losses Net Income /(Loss)

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