The following list of accounts was drawn from the accounts of Little Grocery Supplier (LGS) as of December 31, Year 1: Cash $ 5,910 Accounts receivable 18,665 Allowance for doubtful accounts $ 2,155 Inventory 22,340 Accounts payable 7,715 Common stock 20,100 Retained earnings 16,945 Transactions for Year 2 Acquired an additional $11,200 cash from the issue of common stock. Purchased $58,300 of inventory on account.