Please help me with the two red x$.$ The following list of accounts was drawn from the accounts of Little Grocery Supplier $($LGS$)$ as of December $31,$ Year $1$:

Cash $$5,600$

Accounts receivable $18,690$

Allowance for doubtful accounts $$1,975$

Inventory $25,930$

Accounts payable $10,630$

Common stock $21,500$

Retained earnings $16,115$

Transactions for Year $2$:

$1.$ Acquired an additional $$10,300$ cash from the issue of common stock.

$2.$ Purchased $$58,100$ of inventory on account.

$3.$ Sold inventory that cost $$61,700$ for $$94,200.$ Sales were made on account.

$4.$ The company wrote off $$1,190$ of uncollectible accounts.

$5.$ On September $1,$ LGS loaned $$7,500$ to Eden Company The note had an $7$ percent interest rate and a one$-$year term.

$6.$ Paid $$14,980$ cash for operating expenses.

$7.$ The company collected $$72,900$ cash from accounts receivable.

$8.$ A cash payment of $$51,400$ was paid on accounts payable.

$9.$ The company paid a $$5,300$ cash dividend to the stockholders.

$10.$ Uncollectible accounts are estimated to be $1$ percent of sales on account.

$11.$ Recorded the accrued interest at December $31,$ Year $2($see item $5).$

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 $2.$LITTLE GROCERY SUPPLIER $($LGS$)$

Balance Sheet

As of December $31,$ Year $2$

$\backslash$table$[[$Assets$],[$Cash$,,,$$$,9,620vv$