ems 5 G 3 ook int int ences Cash

Accounts receivable Allowance for doubtful accounts Inventory Accounts payable Common stock Retained earnings The following list of accounts was drawn from the accounts of Little Grocery Supplier (LGS) as of December 31, Year 1: Saved $ 6,430 18,325 $ 2,435 25,530 9,575 19,800 18,475 Transactions for Year 2 1. Acquired an additional $9,600 cash from the issue of common stock. 2. Purchased $61,800 of inventory on account. 3. Sold inventory that cost $61,700 for $93,900. Sales were made on account. Question 3 - Proble... 7. The company collected $74,420 cash from accounts receivable. 8. A cash payment of $52,560 was paid on accounts payable. 9. The company paid a $4,400 cash dividend to the stockholders. 10. Uncollectible accounts are estimated to be 2 percent of sales on account. 11. Recorded the accrued interest at December 31, Year 2 (see item 5). Help Save & E Che

Prepare an income statement for Year 2. (Enter all final answers in w Prepare a statement of changes in stockholders' equity for Year 2. (Enter all final outflows with a minus sign.) Prepare a balance sheet for Year 2. (Be sure to list the assets in the order of their liquidity. Ent dollars.) Prepare an income statement for Year 2. (Enter all final answers in w Prepare a statement of changes in stockholders' equity for Year 2. (Enter all final outflows with a minus sign.) Prepare a balance sheet for Year 2. (Be sure to list the assets in the order of their liquidity. Ent dollars.)