Prepare a classified balance sheet as of December 31, 2022. (List Current assets in order of liquidity.) BLOSSOM COMPANY Balance Sheet Assets $ $ $ $ Liabilities and Stockholders' Equity $ $ $ BLOSSOM COMPANY Income Statement For the Year Ended December 31, 2022 Revenues Service Revenue 78,000 Expenses Utilities Expense $ 2,000 i Maintenance and Repairs Expense 1,500 Depreciation Expense 3,100 i Insurance Expense 2.000 i Salaries and Wages Expense 45.000 Total Expenses 53,600 Net Income /(Loss) $ 24,400 BLOSSOM COMPANY Retained Earnings Statement For the Year Ended December 31, 2022 Retained Earnings, January 1, 2022 ta 28600 Add Net Income / (Loss) $24400 $53000 Less V: Dividends $13000 i Retained Earnings, December 31, 2022 $ 40000 Prepare a classified balance sheet as of December 31, 2022. (List Current assets in order of liquidity.) BLOSSOM COMPANY Balance Sheet Assets $ $ $ $ Liabilities and Stockholders' Equity $ $ $ BLOSSOM COMPANY Income Statement For the Year Ended December 31, 2022 Revenues Service Revenue 78,000 Expenses Utilities Expense $ 2,000 i Maintenance and Repairs Expense 1,500 Depreciation Expense 3,100 i Insurance Expense 2.000 i Salaries and Wages Expense 45.000 Total Expenses 53,600 Net Income /(Loss) $ 24,400 BLOSSOM COMPANY Retained Earnings Statement For the Year Ended December 31, 2022 Retained Earnings, January 1, 2022 ta 28600 Add Net Income / (Loss) $24400 $53000 Less V: Dividends $13000 i Retained Earnings, December 31, 2022 $ 40000