Check my work Problem 3-25 Basic transactions for three accounting cycles: Perpetual system LO 3-3 Blooming Flower Company was started in 2018 when it acquired $61,400 cash from the issue of common stock. The following data summarize the company's first three years' operating activities. Assume that all transactions were cash transactions. Purchases of inventory Sales Cost of goods sold Selling and administrative expenses 2018 $23, 100 27,200 12,600 5,45 2019 $11,800 31,300 18,300 8,040 2020 $18,900 37,700 19,600 10,000 Income Statements Balance Sheets Prepare an balance sheet for each fiscal year. (Hint: Record the transaction data fo equation before preparing the statements for that year) 2019 2020 BLOOMING FLOWER COMPANY Balance Sheets As of Year Ended December 31 2018 Assets Merchandise inventory | Cash D 0 Total assets $ 0 $ Liabilities Stockholders' equity 0 0 T $ Total stockholders' equity Total liabilities and stockholders' equity 0 0 0 0 0 0 $ $ $