Question 16 Blossom Company purchased 53500000 of 9%, 5-year bonds from Soish, Inc on January 1, 2021. rs w o n d rate of 8%. Using the effective interest method, Blossom Company decreased the forse Debt Securi t he Se amortized premiums of $11620 and $11980, respectively At December 31, 2021, the fair value of the Spish, Inc bonds was 3680000. What shou Blossom Company report as the como equity y c 1. The bonds sold 500 onds 1.2021 20 come and components No entry should be made. $76860. $55260 $23600