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$[$The following information applies to the questions displayed below.$]$

The following post$-$closing trial balance was drawn from the accounts of Little Grocery Supplier $($LGS$)$ as of December $31,$ Year $1.$

Debit Credit

Cash $$5,440$

Accounts receivable $16,075$

Allowance for doubtful accounts $$2,040$

Inventory $25,270$

Accounts payable $10,715$

Common stock $20,300$

Retained earnings $13,730$

Totals $$46,785$ $$46,785$

Transactions for Year $2$

LGS acquired an additional $$9,400$ cash from the issue of common stock.

LGS purchased $$58,700$ of inventory on account.

LGS sold inventory that cost $$63,300$ for $$95,500.$ Sales were made on account.

The company wrote off $$910$ of uncollectible accounts.

On September $1,$ LGS loaned $$8,000$ to Eden Company The note had an $9$ percent interest rate and a one$-$year term.

LGS paid $$14,230$ cash for operating expenses.

The company collected $$86,190$ cash from accounts receivable.

A cash payment of $$47,510$ was paid on accounts payable.

The company paid a $$5,600$ cash dividend to the stockholders.

Accepted credit cards for sales amounting to $$3,300.$ The cost of goods sold was $$1,500.$ The credit card company charges a $3$ percent service charge. The cash has not been received.

Uncollectible accounts are estimated to be $3$ percent of sales on account.

Recorded the accrued interest at December $31,$ Year $2.$

b$.$ Open T$-$accounts and record the beginning balances and the Year $2$ transactions. $($Round your answers to nearest whole dollar.$)$