Current Attempt In Progress The following items and amounts were taken from Blossom Inc.'s 2025 Income statement and balance sheet. Cash Retained earnings Cost of goods sold Salaries and wages expense Prepaid insurance Inventory (a) $84,500 120,000 435,000 114,000 7,800 64,000 Cash Accounts receivable Sales revenue Notes payable In each case, identify whether the item is an asset, liability, stockholders' equity, revenue, or expense item. Accounts payable Service revenue Interest expense Retained earnings Cost of goods sold Salaries and wages expense Inventory Prepaid insurance Accounts receivable Sales revenue Notes payable Accounts payable Service revenue $87,000 580,000 6,100 49,000 4,500 1,700 Interest expense

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