$3$ of $6$

Accounts receivable

Allowance for doubtful accounts Inventory

Inventory

Accounts payable

Retained earnings

Transactions for Year $2$

Acquired an additional $$10,400$ cash from the issue of common stock.

Surchased $$60,100$ of inventory on account.

The company collected $$87,990$ cash from

Recorded the accounts are estimated to be $2$ percent stockiders

Recorded the accrued interest at December $31,$ Year $2($see item $5.$

Prepare an income statement for Year $2.$

Note: Enter all final answers in whole dollars.

LITTLE GROCERY SUPPLIER $($LGS$)$

Income Statement

For the Year Ended December $31,$ Year $2$

$\backslash$table$[[$Expenses$,],[,],[,],[$Total expenses,$],[$Operation$,]]$