Problem 5-3A (Part Level Submission) The Blossom Company is located in midtown Madison. During the past several years, net income has been declining because of suburban shopping centers. At the end of the company's fiscal year on November 30, 2019, the following accounts appeared in two of its trial balances Unadjusted Adjusted Accounts Payable Accounts Receivable Accumulated Depr.-Equipment Cash Common Stock Cost of Goods Sold Dividends Freight-Out Equipment Depreciation Expense Insurance Expense Interest Expense Interest Revenue Unadjusted Adjusted $30,000 $30,000 37,500 37,500 10,300 3,300 2,500 2,500 17,000 17,000 61,700 61,700 94,500 94,500 6,500 11,000 4,500 7,000 710,000 710,000 9,000 9,000 $25,200 $25,200 Inventory 30,300 36,500 26,000 27,800 30,300 Notes payable 46,000 Prepaid Insurance 26,000 Property Tax Expense 27,800 Property Taxes Payable 510,500 510,500 Rent Expense 10,500 5,500 147,000 10,500 Retained Earnings 5,500 Salaries and Wages Expense 147,000 Sales Commissions Expense 9,500 Sales Commissions Payable 7,000 Sales Returns and Allowances 6,100 Sales Revenue 7,000 6,100 11,500 11,500 Utilities Expense