Help Assignment Help Sav 0 Required information The following information applies to the questions displayed below, The following post-closing trial balance was drawn from the accounts of Little Grocery Supplier (.GS) as of December 31.2 017: Cash Accounts receivable Allowance for doubtful accounts Inventory Accounts payable Common stock Retained earnings 9,000 41,000 2,500 78,000 21,000 50,000 54, 500 Transactions for 2018 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 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. 2018 (see item 5) a one-year term. b. Prepare an income statement, a statement of changes in stockholders' equity, a balance sheet, and a statement of cash flows for 2018