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The comparative statements of Blossom Company are presented here: Net sales BLOSSOM COMPANY Income Statements For the Years Ended December 31 Cost of goods sold
The comparative statements of Blossom Company are presented here: Net sales BLOSSOM COMPANY Income Statements For the Years Ended December 31 Cost of goods sold Gross profit Selling and administrative expenses Income from operations Other expenses and losses Interest expense Income before income taxes Income tax expense Net income 2022 $1,891,640 1,059,640 832,000 501,100 330,900 23,100 307,800 93,100 $214,700 BLOSSOM COMPANY Balance Sheets December 31 2021 $1,751,600 1,007,100 744,500 480,100 264,400 21,100 243,300 74,100 $169,200
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