The following post-closing trial balance 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 5,940 16,850 1,705 24,860 10,490 21,400 14,055 Transactions for Year 3 1. Acquired an additional $10,700 cash from the issue of common stock. 2. Purchased $59,000 of inventory on account 3. Sold inventory that cost $60,400 for $93,000. Sales were made on account. 4. The company wrote off $1,240 of uncollectible accounts. 5. On September 1, LGS loaned $9,500 to Eden Co. The note had an 6 percent interest rate and a one- year term. 6. Paid $14,850 cash for operating expenses. 7. The company collected $72,270 cash from accounts receivable. 8. A cash payment of $53,600 was paid on accounts payable, 9. The company paid a $5,400 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 3 (see item 5). Required information Req B Inc Stmt Inc Rea B Stmt Se Red Sme Reg B Stmt SE Reg B Bal Sheet Req B Stmt Cash Flows Prepare an income statement for Year 3. (Enter all final answers in whole dollars.) LITTLE GROCERY SUPPLIER (LGS) Income Statement For the Year Ended December 31, Year 3 Expenses Total expenses Operating income Required information Req B Inc Stmt Req B Bal Sheet Req B Stmt Cash Flows Prepare a statement of changes in stockholders' equity for Year 3. (Enter all final answers in whole do with a minus sign.) LITTLE GROCERY SUPPLIER (LGS) Statement of Changes in Stockholders' Equity For the Year Ended December 31, Year 3 Beginning common stock W wwwwww Ending common stock Beginning retained earnings Ending retained earnings Total stockholders' equity Required information Darance oneet As of December 31, Year 3 Assets Total assets Liabilities Total liabilities Stockholders' equity Total stockholders' equity Total liabilities and stockholders' equity Required information Statement LITTLE GROCERY SUPPLIER (LGS) Statement of Cash Flows For the Year Ended December 31, Year 3 Cash flows from operating activities Net cash flow from operating activities Cash flows from investing activities: Cash flows from financing activities Net cash flows from financing activities Net change in cash LUI Ending cash balance