The account balances presented below are from the financial records of Blossom Inc. as at December 31, 2021. The accounts are presented in alphabetical order and the balances in the accounts are normal balances. Account Balance Accounts payable $17,766 Accounts receivable $14,602 Accumulated depreciation - Buildings $40,313 Accumulated depreciation - Equipment $46,050 Buildings $121,876 Cash $15,479 Common shares $23,438 Cost of Goods Sold S75,169 Deferred revenue $6,094 Depreciation expense $22,266 Dividends declared $55,000 Equipment $93,750 Income tax expense $11,719 Insurance expense $7,125 Interest expense $1,219 Interest revenue $2,063 Inventory $7,922 Land $100,000 Mortgage payable (see additional information below) $51,563 Retained earnings, Jan 1, 2021 $165,281 Revenue $206,372 Salaries expense $32,813 Additional information: S7,500 of the mortgage payable is due to be repald within the next year. Required: A Calculate the Income from operations that would be presented on your multi-step Statement of Income for the year ended December 31, 2021. Clearly show your calculation, (3 marks) B. Calculate the Net Income for the year ended December 31, 2021. Clearly show your calculation. (2 marks) C. Prepare the classified Statement of Financial Position at year end. (11 marks) D. Prepare the closing entries. No journal descriptions required. (5 marks)