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Presented below is the trial balance of Blossom Corporation at December 31, 2020. Debit Credit Cash $ 199,800 Sales $ 8,102,570 Debt Investments (trading) (at

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Presented below is the trial balance of Blossom Corporation at December 31, 2020. Debit Credit Cash $ 199,800 Sales $ 8,102,570 Debt Investments (trading) (at cost, $145,000) 155,570 Cost of Goods Sold 4,800,000 Debt Investments (long-term) 301,800 Equity Investments (long-term) 279,800 Notes Payable (short-term) 92.570 Accounts Payable 457,570 Selling Expenses 2.002.570 Investment Revenue 64,380 Land 262,570 Buildings 1,042,800 Dividends Payable 138.800 Accrued Liabilities 98,570 Accounts Receivable 437,570 Accumulated Depreciation-Buildings 152.000 Allowance for Doubtful Accounts 27,570 Administrative Expenses 901,380 Interest Expense 212,380 Inventory 599,800 Gain 81,380 Notes Payable (long-term) 902,800 Equipment 602,570 Bonds Payable 1,002,800 Accumulated Depreciation Equipment 60,000 Franchises 160.000 Common Stock ($5 par) 1,002,570 Treasury Stock 193,570 Patents 195,000 Retained Earnings 80,800 Paid-in Capital in Excess of Par 82,800 Totals $12,347.180 $12,347,180 Prepare a balance sheet at December 31, 2020, for Blossom Corporation. (Ignore income taxes). (List Current Assets in order of liquidity. List Property, plant and Equipment in order of Land, Building and Equipment. Enter account name only and do not provide the descriptive information provided in the question.) Prepare a balance sheet at December 31, 2020, for Blossom Corporation. (Ignore income taxes). (List Current Assets in order of liquidity. List Property, Plant and Equipment in order of Land, Building and Equipment. Enter account name only and do not provide the descriptive information provided in the question.) BLOSSOM CORPORATION Balance Sheet Assets $ $ Liabilities and Stockholders' Equity $ > > $ >

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