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The bookkeeper for Blossom Company has prepared the following balance sheet as of July 31,2025. The following additional information is provided. 1. Cash includes $1,536

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The bookkeeper for Blossom Company has prepared the following balance sheet as of July 31,2025. The following additional information is provided. 1. Cash includes $1,536 in a petty cash fund and $19,200 invested in a 24 -month certificate of deposit. 2. The net accounts recelvable balance is comprised of the following two items: (a) accounts receivable $56,320 and (b) allowance for doubtful accounts $4,480. 3. Inventory costing $6,784 was shipped out on consignment on July 31, 2025. The ending inventory balance does not include the consigned goods. Receivables in the amount of $6,784 were recognized on these consigned goods. 4. Equipment had a cost of $143,360 and an accumulated depreciation balance of $35.840. 5. Income taxes payable of $7.680 were accrued on July 31. Blossom Company, however, had set up a cash fund to meet this obligation. This cash fund was not included in the cash balance but was offset against the income taxes payable amount. BLOSSOM COMPANY Balance sheet July 31, 2025 Assets Current Assets Cash Accounts Recelvable Total Current Assets Intaneible Assets Equigment Equipment Accumulated Depreciation:Equimment v Patents Total Assets Liabilities and Stockholders' Equity Current Labilities Income Tax Payable Notes and Accounts Paystile Totai Liablities Stachiolders Equity Long-term Liabilties Total Loneterm Liabilities Total Liabilities and Stoch hoiders' Equity

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