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need retained earnings statement These items are taken from the financial statements of Blossom Company for...

need retained earnings statement
These items are taken from the financial statements of Blossom Company for 2022. Retained earnings (beginning of year) Utilit
Prepare an income statement for the year ended December 31, 2022. (Enter negative amounts using either a negative sign preced
(a2) Prepare a retained earnings statement for the year ended December 31, 2022. (List items that increase retained earnings
These items are taken from the financial statements of Blossom Company for 2022. Retained earnings (beginning of year) Utilities expense Equipment Accounts payable Cash Salaries and wages payable Common stock Dividends Supplies Debt investment (long-term) Trademarks Service revenue Prepaid insurance Maintenance and repairs expense Depreciation expense Accounts receivable Insurance expense Salaries and wages expense Accumulated depreciation-equipment $32,720 2,120 62,400 15,700 11,510 6,450 23,600 12,000 3,800 5,500 1,900 69,300 6,950 1,680 3,350 14,640 2,450 38,480 19,010
Prepare an income statement for the year ended December 31, 2022. (Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses e.g. (45).) BLOSSOM COMPANY Income Statement For the Year Ended December 31, 2022 Revenues Service Revenue 69,300 Expenses Utilities Expense 2.120 Utilities Expense Maintenance and Repairs Expense 1.680 Depreciation Expense 3,350 Insurance Expense 2.450 i Salaries and Wages Expense 38,480 Total Expenses 48,080 < Net Income /(Loss) 21,220
(a2) Prepare a retained earnings statement for the year ended December 31, 2022. (List items that increase retained earnings first.) BLOSSOM COMPANY Retained Earnings Statement $ $
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