Question
The 2020 and 2021 partial balance sheetsfor Blossom Manufacturing Companyappear below: 2020 2021 Current assets $57,000 $52,890 Long-term assets 114,000 124,110 Total assets $171,000
The 2020 and 2021 partial balance sheetsfor Blossom Manufacturing Companyappear below: 2020 2021 Current assets $57,000 $52,890 Long-term assets 114,000 124,110 Total assets $171,000 $177,000 Current liabilities $31,000 $41,000 Noncurrent liabilities 71,000 80,953 Total Liabilities 102,000 121,953 Stockholders' equity Common stock 13,000 13,000 Additional paid-In capital 15,000 15,000 Retained earnings 41,000 27,047 Total stockholders' equity 69,000 55,047 Total liabilities and stockholders' equity $171,000 $177,000
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