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Refer to the first image for the information needed to input into the statement of financial income. pictures 2 and 3 and the same financial
Refer to the first image for the information needed to input into the statement of financial income. pictures 2 and 3 and the same financial statement its just too long to fit into one screenshot, its also slightly cut off at the sides. Please answer :)
These items are taken from the financial statements of Blossom Corporation for the year ended December 31, 2021 Retained earnings, January 1 Cash Salaries payable Utilities expense Equipment Accounts payable Buildings Common shares Dividends declared Service revenue Prepaid insurance Repairs and maintenance expense Land Depreciation expense Accounts receivable Insurance expense Salaries expense Accumulated depreciation-equipment Income tax expense Supplies Operating expense Supplies expense Bank loan payable, due 2024 Trading investments Accumulated depreciation-buildings Interest expense Interest revenue $214,500 13,400 3,000 2,000 57,000 18,000 64,000 34,200 5,000 217,400 1,500 2,300 179,000 6,700 13,700 1,700 123,300 15,600 6,000 200 39,400 1,000 17,500 19,500 16,500 1,500 500 Additional information: 1. Blossom started the year with $33,000 of common shares and issued $1,200 more during the year. 2. Blossom must pay $1,500 of the bank loan payable next year in 2022. BLOSSOM CORPORATION Statement of Financial Position For the Year Ended December 31, 2021 Assets $ $ $ $ Liabilities and Shareholders' Equity $ $ $Step by Step Solution
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