The following information is available for Blossom Company Accounts receivable $2,000 Cash $6,200 Accounts payable 3,700 Supplies 3,700 Interest payable 500 Unearned service revenue 800 Salaries and wages expense 4,000 Service revenue 40,900 Notes payable 31,000 Salaries and wages payable 700 Common stock 50,000 Depreciation expense 600 Inventory 2,800 Equipment (net) 108,000 Using the information above, prepare a balance sheet as of December 31, 2022. (List assets in order of liquidity.)

1. what is the lowest balance during this period? 2. lily just received her bank statement below. a. what does the bank think her ending balance is? b. how much more does the bank think lily has? c. what transactions are missing? 3. what is the danger of not balancing your bank account? lily’s bank statement deposits: 2/25 $35 2/26 $20 3/1 $256.32 checks: 2/24 ck #301 $25 2/26 #302 $150 debit card: 2/24 american eagle $75.48 2/25 chick fa la $4.67 2/27 mcdonalds $3.56 2/28 chevron $34.76 withdrawal: 2/27 $40 beginning balance $423.34 deposits $311.32 total debits $333.47 ending balance $401.19