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Operating data for Blossom Land Corporation are presented below: December 31, 2021 December 31, 2020 Sales revenue $915,000 $715,000 Cost of goods sold 503,250

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Operating data for Blossom Land Corporation are presented below: December 31, 2021 December 31, 2020 Sales revenue $915,000 $715,000 Cost of goods sold 503,250 413,270 Selling expenses 142,740 101,530 Administrative expenses 104,310 77,220 Income tax expense 47,580 48,620 Net income 117,120 74,360

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