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Blooming Flower Company was started in 2018 when it acquired $60,200 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. 2018 Purchases of inventory Sales Cost of goods sold Selling and administrative expenses $22,280 $11,000 $28,380 31,280 17,700 8,830 36,800 19,280 9,480 27,480 13,008 5,360 Required Prepare an income statement (use multistep format) and balance sheet for each fiscal year. (Hint Record the transaction data for each accounting period in the accounting equation before preparing the statements for that year) Complete this question by entering your answers in the tabs below Income Statements Balance Sheets Prepare an income statement for each fiscal year. (Hint: Record the transaction data for each accounting period in the accounting equation before preparing the statements for that year) BLOOMING FLOWER COMPANY Income Statements For the Year Ended December 31 2019 2020 2018 re an income statement for each fiscal year. (Hint: Record the transaction data for each accounting period in accounting equation before preparing the statements for that year.) BLOOMING FLOWER COMPANY Income Statements For the Year Ended December 31 2018 2019 2020 Operating expenses Balance Sheets > Prepare an balance sheet for each fiscal year. (Hint: Record the transaction data for each accounting period in the accounting equation before preparing the statements for that year.) BLOOMING FLOWER COMPANY Balance Sheets As of Year Ended December 31 2020 2018 2019 Assets Total assets Liabilities Total stockholders equity Total liabilities and stockholders equity Income Statements