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make an income statement for Blossom Inc. for the year ended December 31, 2025 The following items and amounts were taken from Blossom Inc.'s 2025
make an income statement for Blossom Inc. for the year ended December 31, 2025
The following items and amounts were taken from Blossom Inc.'s 2025 income statement and balance sheet. Cash $ 84,500 Accounts receivable $ 87,000 Retained earnings 120,000 Sales revenue 580,000 Cost of goods sold 435,000 Notes payable 6,100 Salaries and wages expense 114,000 Accounts payable 49,000 Prepaid insurance 7,800 Service revenue 4,500 Inventory 64,000 Interest expense 1,700Step by Step Solution
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