The following post-closing trial balance was drawn from the accounts of Little Grocery Supplier (LGS) as of December 31, 2017:

Cash $ 9,000
Accounts receivable 41,000
Allowance for doubtful accounts $ 2,500
Inventory 78,000
Accounts payable 21,000
Common stock 50,000
Retained earnings 54,500
Transactions for 2018

1 Acquired an additional $20,000 cash from the issue of common stock.
2 Purchased $85,000 of inventory on account.
3 Sold inventory that cost $91,000 for $160,000. Sales were made on account.
4 The company wrote off $900 of uncollectible accounts.
5 On September 1, LGS loaned $18,000 to Eden Co. The note had an 8 percent interest rate and a one-year term.
6 Paid $19,000 cash for operating expenses.
7 The company collected $161,000 cash from accounts receivable.
8 A cash payment of $92,000 was paid on accounts payable.
9 The company paid a $5,000 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, 2018 (see item 5).