Blooming Flower Company was started in Year 1 when it acquired $61,100 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. Year 1 Year 2 Year 3 Purchases of inventory $ 23,100 $ 11,500 $ 19,100 Sales 26,200 31,200 37,700 Cost of goods sold 12,400 16,600 20,000 Selling and administrative expenses 5,490 8,190 9,100 Please make balance sheet for year 1 , 2 and 3
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Blooming Flower Company was started in Year 1 when it acquired $61,100 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.
| Year 1 | Year 2 | Year 3 | |
|---|---|---|---|
| Purchases of inventory | $ 23,100 | $ 11,500 | $ 19,100 |
| Sales | 26,200 | 31,200 | 37,700 |
| Cost of goods sold | 12,400 | 16,600 | 20,000 |
| Selling and administrative expenses | 5,490 | 8,190 | 9,100 |
Please make balance sheet for year 1 , 2 and 3
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