You are provided with the following information for Blossom Company, effective as of its April 30,...

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You are provided with the following information for Blossom Company, effective as of its April 30, 2022. year-end. Accounts payable $830 Accounts receivable 800 Accumulated depreciation-equipment 550 Cash 1,200 Common stock 16,000 Cost of goods sold 1,000 Depreciation expense 315 Dividends 300 Equipment 2,400 Goodwill 1,300 Income tax expense 150 Income taxes payable 120 Insurance expense 200 Interest expense 400 Inventory 940 Investment in land 13,505 You are provided with the following information for Blossom Company, effective as of its April 30, 2022. year-end. Accounts payable $830 Accounts receivable 800 Accumulated depreciation-equipment 550 Cash 1,200 Common stock 16,000 Cost of goods sold 1,000 Depreciation expense 315 Dividends 300 Equipment 2,400 Goodwill 1,300 Income tax expense 150 Income taxes payable 120 Insurance expense 200 Interest expense 400 Inventory 940 Investment in land 13,505