The following list of accounts was drawn from the accounts of Little Grocery Supplier (LGS) as of December 31, Year 1: Transactions for Year 2 1. Acquired an additional $9,100 cash from the Issue of common stock. 2 Purchased $61,500 of Inventory on account. 3. Sold Inventory that cost $61,200 for $93,200. Sales were made on account. 4. The company wrote off $1,330 of uncollectlble accounts. 5. On September 1, LGS loaned $9,000 to Eden Co. The note had an 8 percent Interest rate and a one-year term. 6. Pald $14,900 cash for operating expenses. 7. The company collected $84,760 cash from accounts recelvable. 8. A cash payment of $51,900 was pald on accounts payable. 9. The company pald a $5,000 cash dlvidend to the stockholders. 10. Uncollectible accounts are estimated to be 2 percent of sales on account. 11. Recorded the accrued interest at December 31, Year 2 (see Item 5). Required a. Organize the transaction data in accounts under an accounting equation. b. Prepare an income statement, a statement of changes in stockholders' equity, a balance sheet, and a statement of cash flk Year 2 Complete this question by entering your answers in the tabs below. Prepare a balance sheet for Year 2. (Be sure to list the assets in the order of their liquidity. Enter all final answers in whole dollars.) 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. Enter all final answers in whole dollars.) The following list of accounts was drawn from the accounts of Little Grocery Supplier (LGS) as of December 31, Year 1: Transactions for Year 2 1. Acquired an additional $9,100 cash from the Issue of common stock. 2 Purchased $61,500 of Inventory on account. 3. Sold Inventory that cost $61,200 for $93,200. Sales were made on account. 4. The company wrote off $1,330 of uncollectlble accounts. 5. On September 1, LGS loaned $9,000 to Eden Co. The note had an 8 percent Interest rate and a one-year term. 6. Pald $14,900 cash for operating expenses. 7. The company collected $84,760 cash from accounts recelvable. 8. A cash payment of $51,900 was pald on accounts payable. 9. The company pald a $5,000 cash dlvidend to the stockholders. 10. Uncollectible accounts are estimated to be 2 percent of sales on account. 11. Recorded the accrued interest at December 31, Year 2 (see Item 5). Required a. Organize the transaction data in accounts under an accounting equation. b. Prepare an income statement, a statement of changes in stockholders' equity, a balance sheet, and a statement of cash flk Year 2 Complete this question by entering your answers in the tabs below. Prepare a balance sheet for Year 2. (Be sure to list the assets in the order of their liquidity. Enter all final answers in whole dollars.) 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. Enter all final answers in whole dollars.)