The completed financial statement columns of the spreadsheet for Blossom Company are shown as follows: Blossom Company Worksheet For the Year Ended December 31, 2022 (a3) Prepare a classified balance sheet (List Current Assets in order of liquidity) BLOSSOM COMPANY Balance Sheet Account Titles Income Statement Balance Sheet Cash Accounts Receivable Prepaid Insurance 9:000 10.600 2.000 Equipment 24.100 Accumulated Depreciation-Equip 4,300 Accounts Payable 8,900 Salaries and Wages Payable Owner's Capital Owner's Drawings Service Revenue 2.300 20,000 10.300 60,000 Maintenance and Repairs Expense 1.800 Depreciation Expense 3.200 Insurance Expense 2:000 Salaries and Wages Expense 30.200 Utilities Expense 1,600 Totals Net Income 38.800 60.100 56.800 35.500 21.300 21.300 60.100 60,100 56.800 56,800 b) Prepare the closing entries. L. Blossom did not make any additional investments during the year (Credit account automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts) Date Account Titles and Explanation Dec. 31 Dec. 31 (To close revenue account) Dec. 31 (To close expense accounts) Dec. 31 (To close net income/(loss) Debit Credit Assets $ Liabilities and Owner's Equity Owner's Capital Owner's Drawings Service v Maintenance and Repairs Expense .622 Depreciation Expense No. 711 722 732