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please hellllp meee Question 1 of 1 Balance Sheet and Income Statement Data December 31, 2020 December 31, 2019 Current Assets: Cash $156,060 $121,380 Accounts

please hellllp meee
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Question 1 of 1 Balance Sheet and Income Statement Data December 31, 2020 December 31, 2019 Current Assets: Cash $156,060 $121,380 Accounts Receivable 242,760 312,120 Inventory 398,820 346,800 Total Current Assets 797,640 780,300 Property, Plant, and Equipment 1,265,820 1,144,440 Less: Accumulated Depreciation (485,520) (450,840) 780,300 693,600 Total Assets $1,577,940 $1,473,900 Current Liabilities: Accounts Payable $190,740 $104.040 Notes Payable 52,020 69,360 Income Taxes Payable 86,700 78,030 Total Current Liabilities 329,460 251,430 Bonds Payable 346,800 398,820 Question 1 of 1 Bonds Payable 346,800 398,820 Total Liabilities 676,260 650,250 Stockholders' Equity: Common Stock 520,200 476,850 Retained Earnings 381,480 346,800 Total Stockholders' Equity 901,680 823,650 Total Liabilities & Stockholders' Equity 1,577,940 1,473,900 Sales Revenue $1,647,300 $1,543,260 Less Cost of Goods Sold 766,020 745,620 Gross Profit 881,280 797,640 Expenses: Depreciation Expense 156,060 138.720 Salaries and Wages Expense 398,820 364,140 Interest Expense 34,680 34,680 Loss on Sale of Equipment 12,240 601,800 537,540 Income Before Taxes 279,480 260.100 ows-Indirect Method) Fall 2021 -/22 Question 1 of 1 156,060 138,720 398,820 364.140 Depreciation Expense Salaries and Wages Expense Interest Expense Loss on Sale of Equipment 34,680 34,680 12,240 0 601,800 537.540 279,480 260,100 Income Before Taxes Less Income Tax Expense Net Income 111.792 104,040 167,688 156,060 Additional Information: During the year. Blossom sold equipment with an original cost of $156,060 and accumulated depreciation of $121,380 and purchased new equipment for $277.440. Prepare a statement of cash flows for the year ending December 31, 2020. (Show amounts that decrease cash flow with either a - signes -15,000 or in parenthesis es. (15,000).) Blossom Enterprises Statement of Cash Flows Blossom Enterprises Statement of Cash Flows $ Adjustments to reconcile net income to . ( > > $ Save for Later Attempts: 0 of 1 used

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