Prepare a statement of financial position for Blossom Ltd$.$ At the end of January.

 

James Smith has a ski school and excursion company, Blossom Ltd. At the end of January, the following items were in his records: Loan owed to the bank Common shares Vehicles Ski equipment Amounts prepaid by customers for trips to be taken in February Retained earnings Amounts prepaid by Blossom to secure accommodations in February Cash in bank accourts $58,000 39,000 63,000 20,000 93,000 24,000 58,000 73,000