please don't answer in handwritten

* Question 5 The records of Blossom Company show the following amounts in its December 31 financial statements: Total assets Owner's equity Cost of goods sold Profit 2017 $975,000 780,000 550,000 92,000 2016 $950,000 730,000 550,000 80,000 2015 $850,000 650,000 515,000 72,000 Blossom Company made the following errors in determining its ending inventory: 1. The ending inventory account balance at December 31, 2015, included $22,000 of goods held on consignment for Sunland Company. 2. The ending inventory account balance at December 31, 2016, did not include goods sold and shipped on December 30, 2016, FOB destination. The selling price of these goods was $45,000 and the cost of these goods was $37,000. The goods arrived at the destination on January 4, 2017. All purchases and sales of inventory were recorded in the correct fiscal year. Calculate the correct amount for each of the following for 2017, 2016, and 2015. 2017 2016 2015 1. Total assets 2. Owner's equity 3. Cost of goods sold 4. Profit Indicate the effect of these errors (overstated, understated, or no effect) on cash at the end of 2015, 2016, and 2017. 2017 2016 2015 Effect on cash Effect on cash