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Exerclse 7-15A (Algo) Comprehenslve single-cycle problem LO 7.1, 7.5, 7.6 [The followng information applies to the questions displayed below.] The followng 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 additional $9.100 cash from the issue of common stock. 2 L.GS 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 pald $16,350 cash for operating expenses. 7. The company collected $89.680 cash from accounts recelvable. 8. A cash payment of $47,350 was paid 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 cold 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 cales on account. 12. Recorded the accrued interest at December 31, Year 2. Prepare an income statement for Year 2. (Round your answers to the nearest whole dol UITLE GROCERY SUPPLIER Slatement of Cash Flowis For the Year Ended December M1, Year 2 Cash Flows From Operating Activities: Net Cash Flow from Operating Activities Cash Flows From Investing Activities: Net Cash Flow from Investing Activities Cash Flows From Financing Activities: Net Cash Flow from Financing Activities Net Change in Cash Ending Cash Balance