O Question The following are financial statements of Blossom Company. Blossom Company Income Statement For the Year Ended December 31, 2022 Net sales $2,222,500 Cost of goods sold 1,011,500 Selling and administrative expenses 910,000 Interest expense 84,000 Income tax expense 68,000 Net income $ 149,000 Blossom Company Balance Sheet December 31, 2022 Assets Current assets Cash $60,700 Debt investments 85,000 Accounts receivable (net) 168,800 Inventory 210,700 Total current assets. 525,200 Plant assets (net). 570,500 Total assets $1,095,700 Liabilities and Stockholders' Equity Current liabilities Accounts payable Income taxes payable Total current liabilities Bonds payable Total liabilities $159,000 43,000 202,000 181,495 Stockholders' equity 383,495 LG