These items are taken from the financial statements of Blossom Company at December 31, 2022. $28,600 2,000 54,000 Retained earnings (beginning of year) Utilities expense Equipment Accounts payable Cash Salaries and wages payable Common stock Dividends Service revenue Prepaid insurance Maintenance and Repairs expense Depreciation expense Accounts receivable 15,000 15,500 2,500 12,000 13,000 78,000 3,200 1,500 3,100 14,000 2,000 45,000 17,200 Insurance expense Salaries and wages expense Accumulated depreciation-equipment Prepare an income statement for the year ended December 31, 2022. BLOSSOM COMPANY Income Statement $ $