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The following items and amounts were taken from Blossom Company's 2022 income statement and balance sheet. Cash $84,500 Accounts receivable $87,000 Retained earnings 120,000

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The following items and amounts were taken from Blossom Company's 2022 income statement and balance sheet. Cash $84,500 Accounts receivable $87,000 Retained earnings 120,000 Sales revenue 580,000 Cost of goods sold 435,000 Notes payable 6,100 Salaries and wages expense 114,000 Accounts payable 49,000 Prepaid insurance 7,800 Service revenue 4,500 Inventory 64,000 Interest expense 1,700

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