*Exercise 2-09 a-c These financial statement items are for ossom Company at year-end, July 31, 2022 Salaries and wages payable $ 3.00 Salaries and wages expense 58.500 Supplies expense 17.500 Equipment 15. 360 Accounts payable 3.800 Service revenue 67,100 Rent revenue 10.400 Notes payable (due in 2025) 3.100 Common stock 16,000 Cash 37.540 Accounts receivable Accumulated depreciation equipment 7.900 Dividends Depreciation expense 4,000 Retained earnings (beginning of the year) 35.900 4,000 Prepare an income statement for the year. Blossom Company did not issue any new stock during the year. (Enter negative amounts using either a negative sign preceding the number ..-15 or parentheses e.o. (45)) BLOSSOM COMPANY Income Statement O BLOSSOM COMPANY Income Statement Prepare a retained earnings statement for the year. Blossom Company did not issue any new stock during the year. BLOSSOM COMPANY Retained Earnings Statement $ $ edugen.wileyplus.com/ BLOSSOM COMPANY Retained Earnings Statement Prepare a classified balance sheet at July 31. (List Current Assets in order of liquidity.) BLOSSOM COMPANY Balance Sheet Assets $ D Liabilities and Stockholders' Equity V > Compute the current ratio and debt to assets ratio. (Round answers to 1 decimal place, e.g. 15.2.) :1 Current ratio Debt to assets ratio %