The following trial balance pertains to Benji's Grocery as of January 1, Year 2. The following events occurred in Year 2. Assume that Benji's uses the periodic inventory method. 1. Purchased land for $30,000 cash. 2. Purchased merchandise on account for $230,000, terms 1/10n/45. 3. Paid freight of $2,100 cash on merchandise purchased FOB shipping point. 4. Returned $8,600 of defective merchandise purchased in Event 2 . 5. Sold merchandise for $186,000 cash. 6. Sold merchandise on account for $236,000, terms 2/10n/30. 7. Paid cash within the discount period on accounts payable due on merchandise purchased in Event 2. 8. Paid $28,500 cash for selling expenses. 9. Collected $156,000 of the accounts receivable from Event 6 within the discount period. 10. Collected $56,000 of the accounts receivable but not within the discount period. 11. Paid $17,100 of other operating expenses. 12. A physical count indicated that $48,300 of inventory was on hand at the end of the accounting period. c. Prepare a schedule of costs of goods sold, income statement, statement of changes in stockholders' equity, balance sheet, and statement of cash flows for Year 2 . Complete this question by entering your answers in the tabs below. Dranaro an inrama etatamant far Vonn? Prepare a statement of changes in stockholders' equity for Year 2. BENJI'S GROCERY Balance Sheet As of December 31, Year 2 \begin{tabular}{|l|l|l|} \hline Assets & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline Total assets & & \\ \hline Liabilities & & \\ \hline & & \\ \hline & & \\ \hline Total liabilities & & \\ \hline Stockholders' Equity & & \\ \hline & & \\ \hline & & \\ \hline & & 0 \\ \hline Total stockholders' equity & & \\ \hline Total liabilities and stockholders' equity & & \\ \hline \end{tabular} Prepare a statement of cash flows for Year 2. (Cash outflows should be indicated with a minus sign.).

1. The following trial balance pertains to Benji's Grocery as of January 1, Year 2. The following
events occurred in Year 2. Assume that Benji's uses the periodic inventory method. 1. Purchased
land for $30,000 cash. 2. Purchased merchandise on account for $230,000, terms 1/10n/45. 3.
Paid freight of $2,100 cash on merchandise purchased FOB shipping point. 4. Returned $8,600
of defective merchandise purchased in Event 2 . 5. Sold merchandise for $186,000 cash. 6. Sold
merchandise on account for $236,000, terms 2/10n/30. 7. Paid cash within the discount period on
accounts payable due on merchandise purchased in Event 2. 8. Paid $28,500 cash for selling
expenses. 9. Collected $156,000 of the accounts receivable from Event 6 within the discount
period. 10. Collected $56,000 of the accounts receivable but not within the discount period. 11.
Paid $17,100 of other operating expenses. 12. A physical count indicated that $48,300 of
inventory was on hand at the end of the accounting period.
c. Prepare a schedule of costs of goods sold, income statement, statement of changes in
stockholders' equity, balance sheet, and statement of cash flows for Year 2 . Complete this
question by entering your answers in the tabs below.
Dranaro an inrama etatamant far Vonn?
Prepare a statement of changes in stockholders' equity for Year 2.
BENJI'S GROCERY Balance Sheet As of December 31, Year 2 begin{tabular}{|l|l|l|} hline
Assets & & hline & & hline & & hline & & hline & & hline Total assets & &
hline Liabilities & & hline & & hline & & hline Total liabilities & & hline
Stockholders' Equity & & hline & & hline & & hline & & 0 hline Total stockholders'
equity & & hline Total liabilities and stockholders' equity & & hline end{tabular}
Prepare a statement of cash flows for Year 2. (Cash outflows should be indicated with a minus
sign.)