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Presented below is information related to Blossom Enterprises. Jan. 31 Feb. 28 Mar. 31 Apr. 30 $18,750 $18,875 $21,250 $17,500 Inventory at cost 18,125 15.750

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Presented below is information related to Blossom Enterprises. Jan. 31 Feb. 28 Mar. 31 Apr. 30 $18,750 $18,875 $21,250 $17,500 Inventory at cost 18,125 15.750 19,500 16,625 Inventory at LCNRV 21,250 Purchases for the month 30,000 33,125 43,750 50,000 Sales for the month 36,250 v(a) From the information, prepare (as far as the data permit) monthly income statements in columnar form for February, March, and Aprnil. The inventory is to be shown in the statement at cost; the gain or loss due to market fluctuations is to be shown separately (using a valuation account). (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) February March April

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