Answer:
Total Assets = $124,510
Total Liabilities = $38,320
Total Stockholders' equity = $86,190
Explanation:
Blossom Company
Balance sheet
As at December 31, 2022
Assets
<em>Current assets</em>
Cash $6,390
Accounts receivable 2,100
Supplies 3,800
Inventory 2,920
Total current asset $15,210
<em>Non-current asset</em>
Equipment (net) 109,300
Total assets 124,510
Liabilities and Stockholders' Equity
<em>Current liabilities</em>
Accounts payable $4,500
Interest payable 670
Unearned service revenue 820
Salaries and wages payable 830
Total current liabilities $6,820
<em>Long-term liabilities</em>
Notes payable 31,500
Total liabilities $38,320
<em>Stockholders' equity</em>
Common stock 58,900
Retained earnings (Balancing amount) 27,290
Total stockholders' equity $86190
Total liabilities and stockholders' equity $124,510
