I need the red x: I can't figure out accounts receivable and less allowance for doubtful accounts. The following list of accounts was drawn from the accounts of Little Grocery Supplier $($LGS$)$ as of December $31,$ Year $1$:

Cash $$5,600$

Accounts receivable $18,690$

Allowance for doubtful accounts $$1,975$

Inventory $25,930$

Accounts payable $10,630$

Common stock $21,500$

Retained earnings $16,115$

Transactions for Year $2$:

Acquired an additional $$10,300$ cash from the issue of common stock.

Purchased $$58,100$ of inventory on account.

Sold inventory that cost $$61,700$ for $$94,200.$ Sales were made on account.

The company wrote off $$1,190$ of uncollectible accounts.

On September $1,$ LGS loaned $$7,500$ to Eden Company The note had an $7$ percent interest rate and a one$-$year term.

Paid $$14,980$ cash for operating expenses.

The company collected $$72,900$ cash from accounts receivable.

A cash payment of $$51,400$ was paid on accounts payable.

The company paid a $$5,300$ cash dividend to the stockholders.

Uncollectible accounts are estimated to be $1$ percent of sales on account.

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

Required

Organize the transaction data in accounts under an accounting equation.

Prepare an income statement, a statement of changes in stockholders$$ equity, a balance sheet, and a statement of cash flows for Year $2.$LITTLE GROCERY SUPPLIER $($LGS$)$

Balance Sheet

As of December $31,$ Year $2$

$\backslash$table$[[$Assets$],[$Cash$,,,9,620vv$