Income Statements Balance Sheets Prepare a balance sheet for each fiscal year. (Hint: Record the transaction data for each accounting period in the accou equation before preparing the statements for that year.) BLOOMING FLOWER COMPANY Balance Sheets As of Year Ended December 31 Assets Total assets Liabilities Stockholders' equity Year 1 Year 2 Year 3 $ 0 $ 0 $ 0 Total stockholders' equity 0 0 0 Total liabilities and stockholders' equity $ 0 $ 0 0 Income Statements Balance Sheets