Sentry, Incorporated was started on January $1,$ Year $1.$ Year $1$ Transactions Acquired $$20,000$ cash by issuing common stock. Earned $$62,000$ of revenue on account. On October $1,$ Year $1,$ borrowed $$12,000$ cash from the local bank. Incurred $$3,700$ of operating expenses on account. Collected $$5,000$ cash from accounts receivable. Paid $$2,900$ cash to pay off a portion of the accounts payable. On December $31,$ Year $1,$ Sentry recognized accrued interest expense. The note had a one$-$year term and an $8$ percent annual interest rate. Year $2$ Transactions Collected cash for the remaining balance in accounts receivable. Paid cash to settle the remaining balance of accounts payable. On September $30,$ Year $2,$ recognized accrued interest expense. On September $30,$ Year $2,$ paid cash to settle the balance of the interest payable account. On September $30,$ Year $2,$ paid cash to settle the notes payable. Required: Record the events for Year $1$ and Year $2$ in an accounting equation. At the end of Year $1,$ total the columns to determine the Y