\begin{tabular}{|l|l|l|} \hline Assets & As of December 31, Year 2 & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline Total assets & & \\ \hline Liabilities & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline Total liabilities & & \\ \hline Stockholders' equity & & \\ \hline \end{tabular} Req B Stmt of Changes Req B stmt Canh Flows Required a. Organize the transaction data in accounts under an accounting equation. b. Prepare an income statement, a statement of changes in stockholders' equity, a balance sheet, and a statement of cash flows for Year 2. Complete this question by entering your answers in the tabs below. Prepare a statement of cash flows for Year 2. (Enter cash outflows with a minus sign. Enter all final answers in Transactions for Year 2 1. Acquired an additional $20,000 cash from the issue of common stock. 2. Purchased $85,000 of inventory on account. 3. Sold inventory that cost $91,000 for $160,000. Sales were made on account. 4. The company wrote off $900 of uncollectible accounts. 5. On September 1, LGS loaned $18,000 to Eden Co. The note had an 8 percent interest rate and a one-year te 6. Paid $19,000 cash for operating expenses. 7. The company collected $161,000 cash from accounts receivable. 8. A cash payment of $92,000 was paid on accounts payable. 9. The company paid a $5,000 cash dividend to the stockholders. 10. Uncollectible accounts are estimated to be 1 percent of sales on account. 11. Recorded the accrued interest at December 31, Year 2 (see item 5). The following list of accounts was drawn from the accounts of Little Grocery Supplier (LGS) as of December 31, Year 1: Req A Req B Stmt of Changes Organize the transaction data in accounts under an accounting equation. (Do not round intermediate calcufations, Enter any decrea Tities for Retained Earnings, leave the cell blank.) Req B ine Stmt ? Prepare a statement of changes in stockholders' equity for Year 2. (Enter all final answers in whole dollars. Enter cash outflows with a minus sign.) Prepare an income statement for Year 2. (Enter all final answers in whole dollars.) in accounts under an accounting equation. (Do not round intermiediate calculations, Enter any decreases to account balances with cave the cell blank-) Complete this question by entering your answers in the tabs below. Prepare a balance sheet for Year 2. (Be sure to list the assets in the order of their liquidity. Enter all final answ dollars.)