Answer is not complete.

Complete this question by entering your answers in the tabs below.

Req $A$

Req $B1$

Req B$2$

Req $B3$

with a minus sign. If there is no effect on the Accounts Titles for Retained Earnings, leave the cell blank. Not all cells will require entry.$)$

$\backslash$table$[[$TILE$,$ ETC., INC.$],[$Horizontal Statements Model$],[$Event$,$Assets,$\backslash$table$[[=],[=]],\backslash$table$[[$Liabilities$],[$Accounts$],[$Payable$]],\backslash$table$[[+],[+]],$Equity,$\{$

$\backslash$table$[[$Account Titles for Retained$],[$Earnings$]]\}],[$Cash$,+,\backslash$table$[[$NRV$],[$Accounts$],[$Receivable$]],+,\backslash$table$[[$Merchandise$],[$Inventory$]],+,\backslash$table$[[$Notes$],[$Receivable$]],+,\backslash$table$[[$Interest$],[$Receivable$]],\backslash$table$[[$Common$],[$Stock$]],=,\backslash$table$[[$Retained$],[$Earnings$]]],[$Bal$.,155,000$vv$,+,111,500,+,443,000$vv$,+,,+,,=,104,000,+,495,000,=,110,500,,],[1.,,+,,+,625,000,+,,+,,=,625,000,+,,=,,,],[2$a$,,+,980,000,+,,+,,+,,=,,+,,=,980,000,$Sales revenue,$(],[2$b$,,+,,+,(465,000),+,,+,,=,,+,,=,(465,000),$Cost of sales,$(],[3$a$.,290,000,+,,+,,+,,+,,=,,+,,=,290,000,$Sales revenue,$(],[3$b$,,+,,+,(178,000),+,,+,,=,,+,,=,(178,000),$Cost of sales,$(],[4$a$,,+,235,000\backslash$times $,+,,+,,+,,=,,+,,=,235,000,$Sales revenue,$(2)],[4$a$,,+,,+,,+,,+,,=,,+,,=,,,],[4$b$,,+,,+,(114,000),+,,+,,=,,+,,=,(114,000),$Cost of sales,$(>)],[5.,710,000,+,(710,000),+,,+,,+,,=,,+,,=,,,],[6.,(655,000),+,,+,,+,,+,,=,(655,000),+,,=,,,],[7.,(154,000),+,,+,,+,,+,,=,,+,,=,(154,000),$Selling and administrative expense,$(],[8.,227,950,+,(235,000)\backslash$times $,+,,+,,+,,=,,+,,=,(7,050)\backslash$times $,$Credit card expense,x$],[9.,(55,000),+,,+,,+,55,000,+,,=,,+,,=,,,],[10.,,+,,+,,+,,+,,=,,+,,=,,,],[11$a$.,,+,(9,800),+,,+,,+,,=,,+,,=,(9,800),$Uncollectible accounts expense,$(],[11$b$.,,+,,+,,+,,+,1,925,=,,+,,=,1,925,$Interest revenue,$(],[$Bal$.,518,950,+,371,700,+,311,000,+,55,000,+,1,925,=,74,000,+,495,000,=,689,575,,]]$

Req A Answer is not complete.

Complete this question by entering your answers in the tabs below.

$\begin{array}{cc}\text{R}\text{e}\text{q}B1& \text{R}\text{e}\text{q}B3\text{:}.................\end{array}$

Prepare a statement of cash flows for Year $2.($Cash outflows should be indicated with a minus sign.$)$

$\backslash$table$[[$TILE$,$ ETC., INC.$],[$Statement of Cash Flows$],[$For the Year Ended December $31,$ Year $2],[$Cash flows from operating activities$],[$Inflow from customers,$$1,505,000\backslash$times $,],[$Outflow for inventory,$(757,000)\backslash$times $,],[$Outflow for expenses,$(170,850)\backslash$times $,],[$Net cash flow from operating activities,,$$577,150],[$Cash flows from investing activities$],[$Outflow for notes receivable,$(55,000),],[$Net cash flow from investing activities,,$(55,000)],[$Cash flows from financing activities$],[$Net change in cash,,$522,150],[$Plus: Beginning cash balance,,$155,000],[$Ending cash balance,,$$677,150]]$The following list of accounts was drawn for Tile, Etc., Inc. on December $31,$ Year $1,$ after the closing entries were posted:

Tile, Etc. had the following transactions in Year $2$:

Purchased merchandise on account for $$625,000.$

Sold merchandise that cost $$465,000$ for $$980,000$ on account.

Sold for $$290,000$ cash merchandise that had cost $$178,000.$

Sold merchandise for $$235,000$ to credit card customers. The merchandise had cost $$114,000.$ The credit card company charges a

$3$ percent fee.

Collected $$710,000$ cash from accounts receivable.

Paid $$655,000$ cash on accounts payable.

Paid $$154,000$ cash for selling and administrative expenses.

Collected cash for the full amount due from the credit card company $($see item $4).$

Loaned $$55,000$ to J$.$ Parks. The note had an $6$ percent interest rate and a one$-$year term to maturity.

Wrote off $$8,400$ of accounts as uncollectible.

Made the following adjusting entries:

$($a$)$ Recorded uncollectible accounts expense estimated at $1$ percent of sales on account.

$($b$)$ Recorded seven months of accrued interest on the note at December $31,$ Year $2($see item $9).$

Required

a$.$ 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 $2.$