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The following selected accounts from the Blossom Corporation's general ledger are presented below for the year ended December 31, 2025: Advertising expense Common stock Cost
The following selected accounts from the Blossom Corporation's general ledger are presented below for the year ended December 31, 2025: Advertising expense Common stock Cost of goods sold Depreciation expense Dividends Freight-out Income tax expense Insurance expense Interest expense $ 42,000 237,000 1,072,000 112,000 137,000 12,000 57,000 15,000 57,000 Interest revenue Inventory Rent revenue Retained earnings Salaries and wages expense Sales discounts Sales returns and allowances Sales revenue BLOSSOM CORPORATION Income Statement $ 20,000 December 31, 2025 54,000 24,000 522,000 662,000 7,500 31,000 Prepare a multiple-step income statement. (List Other revenue and gains before Other expenses and losses.) 2,387,000
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