Transactions for Year 2 1. Acquired an additional $10,100 cash from the issue of common stock. 2. Purchased $58,700 of inventory on account. 3. Sold inventory that cost $63,700 for $95,200. Sales were made on account. 4. The company wrote off $1,000 of uncollectible accounts. 5. On September 1, LGS loaned $8,500 to Eden Co. The note had an 9 percent interest rate and o oneyear term. 6. Paid $15,530 cash for operating expenses. 7. The company collected $86,580 cash from accounts recelvable. 8. A cash payment of $51,060 was paid on accounts payable. 9. The company paid a $4,900 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. Year 2 (see item 5). Required o. 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? Irganize the transaction data in accounts under an accovnting equation. (Do not round interimediate calculations. Inter atty decreases to acrocknt balances with a minus ithes for Retained Earnings, leave the cell blank Not all celis will require entry. Round your final answers to the nearet whole dallar, Prepare an income statement for Year 2. (Enter all final answers in whole dollars.) Prepare an income statement for Year 2. (Enter all final answers in whole dollars.) Prepare a statement of changes in stockholders' equity for Year 2. (Enter all final answers in whole outflows with a minus sign.) Complete this question by entering your answers in the tabs below. Prepare a balance sheet for Year 2. (Be sure to list the assets in the order of their liquidity. Enter all final a dollars.) Prepare a statement of cash flows for Year 2. (Enter cash outflows with a minus sign. Enter all final