The following post$-$closing list of accounts was drawn from the accounts of Little Grocery Supplier $($LGS$)$ as of December $31,$ Year $2$:

Cash

Accounts receivable

Allowance for doubtful accounts

Inventory

Accounts payable

Common stock

Retained earnings

Transactions for Year $3$

Acquired an additional $$9,100$ cash from the issue of common stock.

Purchased $$60,100$ of inventory on account.

Sold inventory that cost $$62,300$ for $$96,600.$ Sales were made on account.

The company wrote off $$1,450$ of uncollectible accounts.

On September $1,$ LGS loaned $$10,500$ to Eden Company. The note had an $8$ percent interest rate and a one$-$year term.

Paid $$15,740$ cash for operating expenses.

The company collected $$84,960$ cash from accounts receivable.

A cash payment of $$50,610$ was paid on accounts payable.

The company paid a $$4,400$ 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 $3($see item $5).$

Exercise $7-15$A $($Algo$)$ Part a

Required:

a$.$ Organize the transaction data in accounts under an accounting equation.

Note: Enter any decreases to account balances and cash outflows with a minus sign. For changes on the Statement of Cash Flows, indicate whether the item is an operating activity $($OA$),$ investing activity $($IA$),$ or financing activity $($FA$).$ Not all cells require input.

$\backslash$table$[[$LITTLE GROCERY SUPPLIER $($LGS$)],[$Accounting Equation for Year $3],[$Event$,$Assets,$\backslash$table$[[=$