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The following list of accounts was drawn from the accounts of Little Grocery Supplier ( LGS ) as of December 3 1 , Year 1

The following list of accounts was drawn from the accounts of Little Grocery Supplier (LGS) as of December 31, Year 1: \table[[LITTLE GROCERY SUPPLIER (LGS),],[For the Year Ended December 31, Year 2,,],[Cash flows from operating activities:,,],[Inflow from customers,,],[Outflow for expenses,,],[Outflow for expenses,,$],[,,],[Net cash flow from operating activities,,],[Cash flows from investing activities:,,],[Outflow for notes receivable,,],[,,],[Net cash flow from investing activities,,],[Cash flows from financing activities:,,],[,,],[,,],[Cash flows from financing activities:,,],[Net change in cash,,],[,,],[Ending cash balance,,]]
Req B Balance Sheet Prepare a balance sheet for Year 2.
Note: Be sure to list the assets in the order of their liquidity. Enter all final answ
Transactions for Year 2:
Acquired an additional $20,000 cash from the issue of common stock.
Purchased $85,000 of inventory on account.
Sold inventory that cost $91,000 for $160,000. Sales were made on account.
The company wrote off $900 of uncollectible accounts.
On September 1, LGS loaned $18,000 to Eden Company The note had an 8 percent interest rate and a one-year term.
Paid $19,000 cash for operating expenses.
The company collected $161,000 cash from accounts receivable.
A cash payment of $92,000 was paid on accounts payable.
The company paid a $5,000 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
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 flows for
Year 2.
I need help with the Balance Sheet and Statement of Cash Flows
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