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These items are taken from the financial statements of Blossom Company for 2022. Retained earnings (beginning of year) $33,570 Utilities expense 2,110 Equipment 64,700 Accounts

These items are taken from the financial statements of Blossom Company for 2022. Retained earnings (beginning of year) $33,570 Utilities expense 2,110 Equipment 64,700 Accounts payable 18,300 Cash 13,640 Salaries and wages payable 6,780 Common stock 23,200 Dividends 12,000 Supplies 3,800 Debt investment (long-term) 5,300 Trademarks 1,800 Service revenue 72,100 Prepaid insurance 7.280 Maintenance and repairs expense 1,690 Depreciation expense 3,100 Accounts receivable 15,810 Insurance expense 2,700 Salaries and wages expense 41,160 Accumulated depreciation-equipment 21,140 (a1) Your answer is partially correct. Prepare an income statement for the year ended December 31, 2022. (Enter negative amounts using either a negative sign preceding the number eg. -45 or parentheses e.g. (45).) BLOSSOM COMPANY Income Statement For the Year Ended December 31, 2022 3 Retained Earnings. December 31 Retained Earnings Revenues Service Revenue Utilities Expense Depreciation Expense Maintenance and Repairs Expense Salaries and Wages Expense Total Expenses BLOSSOM COMPANY Income Statement For the Year Ended December 31, 2022 Retained Earnings 72,100 2.110 3.100 1,690 i 41.160 33,570 41.160

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