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 (LGS) as of December 31, Year 1. Transactions for Year 2 1. LGS acquired an additional $11,700 cash from the issue of common stock. 2. LGS purchased $61,000 of inventory on account. 3. LGS sold inventory that cost $62,100 for $93,100. Sales were made on account. 4. The company wrote off $1,190 of uncollectible accounts. 5. On September 1, LGS loaned $8,500 to Eden Company The note had an 7 percent interest rate and a one-year term. 6. LGS paid $15,230 cash for operating expenses. 7. The company collected $86,530 cash from accounts receivable. 8. A cash payment of $48,310 was paid on accounts payable. 9. The company paid a $5,900 cash dividend to the stockholders. 10. Accepted credit cards for sales amounting to $3,200. The cost of goods sold was $1,800. The credit card company charges a 4 percent service charge. The cash has not been received. 11. Uncollectible accounts are estimated to be 3 percent of sales on account. 12. Recorded the accrued interest at December 31, Year 2. Complete this question by entering your answers in the tabs below. Prepare an income statement for Year 2. (Round your answers to the nearest whole dollar amounts.) Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. Prepare a balance sheet for Year 2. (Enter amounts to be deducted with a minus sign. Round your answers to the nearest whole dollar amounts.) 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.)