Blossom Company had the following assets and liabilities on the dates indicated. Blossom...
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Blossom Company had the following assets and liabilities on the dates indicated. Blossom began business on January 1, 2021, with an investment of $90,000. From an analysis of the change in owner's equity during the year, compute the net income (or loss) for: (a) 2021, assuming Blossom's drawings were $15,000 for the year. for 2021 $ (b) 2022, assuming Blossom made an additional investment of $40,000 and had no drawings in 2022. for 2022 $ (c) 2023, assuming Blossom made an additional investment of $15,000 and had drawings of $15,000 in 2023 . for 2023 $
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Blossom Company had the following assets and liabilities on the dates indicated. Blossom began business on January 1, 2021, with an investment of $90,000. From an analysis of the change in owner's equity during the year, compute the net income (or loss) for: (a) 2021, assuming Blossom's drawings were $15,000 for the year. for 2021 $ (b) 2022, assuming Blossom made an additional investment of $40,000 and had no drawings in 2022. for 2022 $ (c) 2023, assuming Blossom made an additional investment of $15,000 and had drawings of $15,000 in 2023 . for 2023 $ 