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Exercise $7-15$A $($Algo$)$ Comprehensive single$-$cycle problem L$07-1,7-5,$

$[$The following information applies to the questions displayed below.$]$

The following post$-$closing list of accounts was drawn from the accounts of Little Grocery Supplier $($LGS$)$ as of December $31,$ Year $2$:

Cash $$6,200$

Accounts receivable $19,640$

Allowance for doubtful accounts $1,555$

Inventory $24,740$

Accounts payable $10,770$

Common stock $18,400$

Retained earnings $19,855$

$,$

Transactions for Year $3$

$,$

$1.$ Acquired $an$ additional $$11,300$ cash from the issue $of$ common stock.

$2.$ Purchased $$61,300of$ inventory $on$ account.

$3.$ Sold inventory that cost $$61,800$ for $$96,600.$ Sales were made $on$ account.

$4.$ The company wrote off $$1,440of$ uncollectible accounts.

$5.On$ September $1,L6S$ loaned $$10,500to$ Eden Company. The note had $an8$ percent interest rate and a one$-$year term.

$6.$ Paid $$15,090$ cash for operating expenses.

$7.$ The company collected $$71,390$ cash from accounts receivable.

$8.$ A cash payment $of$ $$51,070$ was paid $on$ accounts payable.

$9.$ The company paid $a$ $$5,500$ cash dividend $to$ the stockholders.

$10.$ Uncollectible accounts are estimated $tobe1$ percent $of$ sales $on$ account.

$11.$ Recorded the accrued interest $at$ December $31,$ Year $3(see$ item $5).$

Exercise $7-15$A $($Algo$)$ Part b

b$.$ Prepare an income statement, a statement of changes in stockholders' equity, a balance sheet, and a statement of cash flows for Year $3.$

Prepare a statement of changes in stockholders' equity for Year $3.$ Note: Enter all final answers in whole dollars. Enter deductibles with a minus sign.

Exercise $7-15$A $($Algo$)$ Part b

b$.$ Prepare an income statement, a statement of changes in stockholders' equity, a balance sheet, and a statement of cash flows for Year $3.$

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

$\backslash$table$[[$ Req $B$ Income

Statement $,$ Req $B$

Statement

Stockholders $,$ Req $B$ Balance

Sheet $,$ Req $B$

Statement $of$

Cash Flows