The following list of accounts was drawn from the accounts of Little Grocery Supplier (LGS) as of December 31, Year 1:

Cash	$	6,740
Accounts receivable		18,650
Allowance for doubtful accounts	$	1,710
Inventory		25,760
Accounts payable		8,670
Common stock		18,100
Retained earnings		22,670

Transactions for Year 2

1. Acquired an additional $11,800 cash from the issue of common stock.
2. Purchased $58,800 of inventory on account.
3. Sold inventory that cost $63,000 for $96,100. Sales were made on account.
4. The company wrote off $1,310 of uncollectible accounts.
5. On September 1, LGS loaned $8,500 to Eden Co. The note had an 5 percent interest rate and a one-year term.
6. Paid $16,210 cash for operating expenses.
7. The company collected $85,080 cash from accounts receivable.
8. A cash payment of $51,170 was paid on accounts payable.
9. The company paid a $4,700 cash dividend 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

1. Organize the transaction data in accounts under an accounting equation.
2. Prepare an income statement, a statement of changes in stockholders equity, a balance sheet, and a statement of cash flows for Year 2.

Req B Inc Stmt > Prepare an income statement for Year 2. (Enter all final answers in whole dollars. Prepare a balance sheet for Year 2. (Be sure to list the assets in the order of their liqu Anllare) Prenare a statement of cash flows for Year?. (Fnter cash nutflnws with