ne Wheels Book now: San Juan, 3/18 - 3... Carnegie Mellon - OLI - E 430 Thursday Section 114 Assignments Chapter 2 Homework Chapter 2 Homework erm ting ates Question 2 View Policies Show Attempt History Current Attempt in Progress - Your answer is partially correct. Sup- These items are taken from the financial statements of Blossom Company at December 31, 2022. Buildings $84,640 Accounts receivable 10,080 Prepaid insurance 2,560 Cash 9.472 Equipment 65,920 Land 48.960 Insurance expense 624 Depreciation expense 4.240 Interest expense 2,080 Common stock 48,000 Retained earnings Uanuary 1, 2022) 32,000 Accumulated depreciation-buildings 36,480 Accounts payable 7,600 Notes payable 74,880 Accumulated depreciation equipment 14,976 Interest payable 2,880 Service revenue 11,760 Prepare a cassified balance sheet. Assume that $10,880 of the note payable will be paid in 2023. (List Current Ass BLOSSOM COMPANY Balance Sheet December 31, 2022 Assets BLOSSOM COMPANY Balance Sheet December 31, 2022 Assets Current Assets I Cash Accounts Receivable 10080 2560 Prepaid Insurance Total Current Assets Property Plant and Equipme Equipment 43960 C A CAO Danding Less : Accurated Depreciation Buildings 36480 48160 Equipment 65920 Less : Accumulated Depreciation Equipment - 14976 50944 Total Assets 170176 Liabilities and Stockholders' Equity Current Liabilities Accounts Payable 7600 Notes Payable Current Por 10880 interest Payable Total Current Liabilities Long-Term Liabilities OBRO 32240 Notes Payable Total Liabilities Stockholders' Equity Common Stock Retained Earnings Total Stockholders' Equity 176240 Total Liabilities and Stockholders' Equity