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You are provided with the following information for Blossom Company, effective as of its April 30, 2022, year-end. $ 840 Accounts payable 840 Accounts receivable
You are provided with the following information for Blossom Company, effective as of its April 30, 2022, year-end. $ 840 Accounts payable 840 Accounts receivable Accumulated depreciation-equipment 580 Cash 1,400 Common stock 17,200 Cost of goods sold 1,000 Depreciation expense 365 Dividends 335 Equipment 2,530 Goodwill 1,700 Income tax expense 160 Income taxes payable 145 Insurance expense 300 Interest expense 510 970 Inventory 14,985 Investment in land Land 2,500 Mortgage payable (long-term) 3,700 Notes payable (short-term) 70 Prepaid insurance 70 Retained earnings (beginning) 1,700 Salaries and wages expense 600 Salaries and wages payable 230 Sales revenue 5,100 Stock investments (short-term) 1,300 Prepare an income statement for Blossom Company for the year ended April 30, 2022. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) BLOSSOM COMPANY Income Statement April 30, 2022 For the Year Ended April 30, 2022 For the Month Ended April 3O, 2022 Prepare a retained earnings statement for Blossom Company for the year ended April 30, 2022. (List items that increase retained earnings first.) BLOSSOM COMPANY Retained Earnings Statement April 30, 2022 For the Year Ended April 30, 2022 For the Month Ended April 3O, 2022 Prepare a classified balance sheet for Blossom Company as of April 30, 2022. (List Current Assets in order of liquidity.) BLOSSOM COMPANY Balance Sheet Assets 2$ %24 Liabilities and Stockholders' Equity 2$
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