The following post-closing trial balance was drawn from the accounts of Little Grocery Supplier (LGS) as of December 31, 2 017 6, 280 17,705 Cash Accounts receivable Allowance for doubtful accounts 1,600 Inventory Accounts payable Common stock Retained earnings 25, 900 10,080 21,800 16, 405 Transactions for 2018 1. Acquired an additional $11,100 cash from the issue of common stock 2. Purchased $59,500 of inventory on account. 3. Sold inventory that cost $62,200 for $94,700. Sales were made on account. 4. The company wrote off $1,290 of uncollectible accounts 5. On September 1, LGS loaned $8,000 to Eden Co. The note had an 8 percent interest rate and a one-year term 6. Paid $16,290 cash for operating expenses 7. The company collected $84,880 cash from accounts receivable 8. A cash payment of $51,270 was paid on accounts payable 9. The company paid a $5,900 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, 2018 (see item 5)