You are provided with the following information forBlossom Company, effective as of its April 30, 2022, year-end. Accounts payable$840Accounts receivable840Accumulated depreciation?equipment580Cash1,400Common stock17,200Cost of goods sold1,000Depreciation expense 365Dividends 335Equipment. 2,530Goodwill1,700Income tax expense160Income taxes payable145Insurance expense300Interest expense510Inventory970Investment in land14,985Land2,500Mortgage payable (long-term)3,700Notes payable (short-term)70Prepaid insurance70Retained earnings (beginning)1,700Salaries and wages expense600Salaries and wages payable230Sales revenue5,100Stock investments (short-term)1,300Prepare an income statement forBlosoom Companyfor 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).)

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