Presented below are the financial statements of blossom Company Blossom Company Comparative Balance Sheets December 31 Asus 2021 2022 $90.000 $56.000 Acconta receivable $6.000 39 200 Inventory 78.400 27 56,000 168.000 210,400 Property, plant and equipment Accumulated depreciation 109.600 $67.2001 Total $310.000 5302,400 Liabilities and Stockholders' Equity Accounts payable $33200 $ 42,000 Income taas payable 19.600 22.400 Bonds payable 47.500 92.000 Common stock 50,400 39.200 Ratained earnings 140.000 106,400 Total $310.000 $302.400 Blossom Company Income Statement For the Year Ended December 31, 2022 Sales revenue $677,600 Cost of goods sold 490,000 Gross profit 107,600 Selling expenses Administrative penses 550.000 16.800 67,200 Income from operations 120,000 8.400 Interest expense Income before income taxes 112,000 22,400 Income tax pense Net income $89,600 Additional data 1 Depreciation pense was $49.000 2. Dividends declared and paid were $56,000 3 During the year equipment was sold for $23.800 cash. This equipment cost 550.000 originally and had acumulated depreciation of $26.600 at the time of sale Precare a statement of an aing the indecetho Shewan that ori pored 00) Blossom Company Statement of Cash Flowe furineweb 20 Caini Adjustments arecondo income to Camom ure that v V mer 11.300 DureV Insanin 0.000 I DO Can Brown Canon v Can Foto FO Sco Canon 11.30 Bademonte Centro Pand Cawan V 10000 Cand Boco -2000 Textbook and Media Atmotod Barbor Lavad 53 seconden Seved work wil w on the date Auto Submit to 10 minutes