" (Video) The completed financial statement columns of the worksheet for Blossom Company are shown as follows: Blossom Company Worksheet For the Year Ended December 31, 2020 Income Statement Balance Sheet Account Account Titles Cr. Dr. Cr. Dr. 8,800 10.600 3.000 23.800 No. 101 112 130 157 158 201 212 301 306 400 622 711 722 726 4,500 9.200 2.500 19.700 Cash Accounts Receivable Prepaid Insurance Equipment Accumulated Depreciation-Equip. Accounts Payable Salaries and Wages Payable Owner's Capital Owner's Drawings Service Revenue Maintenance and Repairs Expense Depreciation Expense Insurance Expense Salaries and Wages Expense Utiliter Expense Tot Net Income 11100 39.900 1.800 3.200 2.000 29,900 1 600 39 500 21.400 39.900 732 39.900 57 30035,900 21.400 39.90037 300 57.300 your Preparateregano using the negative proceding the one BLOSSOM CONPANY Lacche Staat o 3 e here to search your answer is correct. Prepare an income statement. (Enter negative amounts using either a negative sign preceding the number eg 45 or parentheses eg. (43) BLOSSOM COMPANY Income Statement For the Year Ended December 31, 2020 Revenues Service Revenue 59900 Expenses 1800 Maintenance and Repairs Expense $ 3200 Depreciation Expense 2000 Insurance Expanse 29900 Salaries and Wages mense 1600 USE 38500 21100 Chick you to work och NOUSON WON MER o Type here to search Your answer is correct. Prepare owner's equity statement. (List items that increase owner's equity first.) BLOSSOM COMPANY Owner's Equity Statement For the Year Ended December 31, 2020 Owner's Capital, January 1 19700 Add Net Income / (Loss) 21400 41100 Less v Drawings 11100 Owner's Capital, December 31 Click if you would like to Show Work for this question Open Show Wodle SHOW SOLUTION SHOW ANSWER SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT LINK TO TEXT (3) Prepare a red balance sheet List Curses in order of liquidity) BLOSSOM COMPANY Balance Sheet Assets Prepare a cassified balance sheet. (List Current Assets in order of liquidity.) BLOSSOM COMPANY Balance Sheet Assets > Liabilities and Owner's Equity