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The following information is available for Blossom Corporation for the year ended December 31, 2022: sales revenue $830,000, other revenues and gains $90,500, operating expenses
The following information is available for Blossom Corporation for the year ended December 31, 2022: sales revenue $830,000, other revenues and gains $90,500, operating expenses $105,000, cost of goods sold $469,000, other expenses and losses $30,000, and preferred stock dividends $40,175. The company's tax rate was 20%, and it had 68,000 common shares outstanding during the entire year
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