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Required information Exerclse 7-13A (Algo) Comprehenslve single-cycle problem LO 7.1, 7.5, 7.6 [The following information apples to the questions displayed below.] The following post-closing trial balance was drawn from the accounts of Little Grocery Supplier (LGS) as of December 31. Year 1. Transactions for Year 2 1. LGS acquired an additonal $9,100 cash from the issue of common stock. 2. LGS purchased $60,500 of Inventory on account. 3. LGS sold inventory that cost $61.700 for $96.200. Sales were made on account. 4. The company wrote off $1.150 of uncollectible accounts. 5. On September 1, LGS loaned \$9,500 to Eden Company The note had an 7 percent interest rate and a one-year term. 6. LGS paid $16,350 cash for operating expenses. 7. The company collected $89,680 cash from accounts recelvable. 8. A cash payment of $47.350 was pald on accounts payable. 9. The company paid a $5,200 cash dividend to the stockholders. 10. Accepted credit cards for sales amounting to $3,900. The cost of goods sold was $1,800. The credit card company charges a 3 percent service charge. The cash has not been recelved 11. Uncollectible accounts are estimated to be 2 percent of sales on account. 12. Recorded the accrued interest at December 31, Year 2. b. Open T-accounts and record the beginning balances and the Year 2 transactions. (Round your answers to nearest whole dollar.) Ending Baiance