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 $8,000 cash from the issue of common stock. 2. Purchased $61,900 of inventory on account. 3. Sold inventory that cost $61,900 for $95,400. Sales were made on account. 4. The company wrote off $1,370 of uncollectible accounts. 5. On September 1, LGS loaned $10,000 to Eden Co. The note had an 8 percent interest rate and a one-year term. 6. Paid $14,410 cash for operating expenses. 7. The company collected $82,560 cash from accounts receivable. 8. A cash payment of $52,730 was paid on accounts payable. 9. The company paid a $4,200 cash dividend to the stockholders. 10. Uncollectible accounts are estimated to be 1 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 flows for Year 2. anize the transaction data in accounts under an accounting equation. (Do not round intermediate calculations. Enter any decreases to account balances with a n as for Retained Earnings, leave the cell blank. Not all cells will require entry. Round your final answers to the nearest whole dollar.) Prepare an income statement for Year 2. (Enter all final answers in whole dollars Lompiele mas question vy entering your diswers m the lavs veiow. Prepare a statement of changes in stockholders' equity for Year 2. (Enter all final answers in whole dollars. Enter cash outflows with a minus sign.) 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 $8,000 cash from the issue of common stock. 2. Purchased $61,900 of inventory on account. 3. Sold inventory that cost $61,900 for $95,400. Sales were made on account. 4. The company wrote off $1,370 of uncollectible accounts. 5. On September 1, LGS loaned $10,000 to Eden Co. The note had an 8 percent interest rate and a one-year term. 6. Paid $14,410 cash for operating expenses. 7. The company collected $82,560 cash from accounts receivable. 8. A cash payment of $52,730 was paid on accounts payable. 9. The company paid a $4,200 cash dividend to the stockholders. 10. Uncollectible accounts are estimated to be 1 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 flows for Year 2. anize the transaction data in accounts under an accounting equation. (Do not round intermediate calculations. Enter any decreases to account balances with a n as for Retained Earnings, leave the cell blank. Not all cells will require entry. Round your final answers to the nearest whole dollar.) Prepare an income statement for Year 2. (Enter all final answers in whole dollars Lompiele mas question vy entering your diswers m the lavs veiow. Prepare a statement of changes in stockholders' equity for Year 2. (Enter all final answers in whole dollars. Enter cash outflows with a minus sign.) Prepare a statement of cash flows for Year 2. (Enter cash outflows with a minus sign. Enter all final answers in whole dollars.)