A comparative balance sheet for Blossom Company appears below: Additional information: 1. Net income for the year ending December 3 h, 2022 was ( $ 46,500 ). 2. Cash dividends of ( $ 26,500 ) were declared and paid during the year. 3. Long-term investments that had a cost of ( $ 40,000 ) were sold for ( $ 25,500 ). 4. Sales for 2022 w

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A comparative balance sheet for Blossom Company appears below:  Additional information: 1. Net income for the year ending December 3 h, 2022 was  (  $ 46,500  ). 2. Cash dividends of  (  $ 26,500  ) were declared and paid during the year. 3. Long-term investments that had a cost of  (  $ 40,000  ) were sold for  (  $ 25,500  ). 4. Sales for 2022 were  (  $ 131,500  ). 5. No equipment was sold during the year.

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