1.Record each of the transactions listed above, assuming a FIFO perpetual inventory system. 2. Record adjusting entries on January 31. a. At the end of January, the company estimates that the remaining units of inventory are expected to sell in February for only $100 each. (Adjust inventory for net realizable value b. Received bill for January utilities, to be paid $ 500 in February. c. Accrued interest expense on notes payable for January. Interest is expected to be paid each December 31. d. Accrued income taxes at the end of January are $12,300. (Income Tax Payable and Income Tax Expense) e. The depreciation for the equipment for January is $2,500. 3. Prepare an adjusted trial balance as of January 31, 2018, after updating beginning balances (above) for transactions during January (Requirement 1) and adjusting entries at the end of January (Requirement 2) 4. Prepare a multiple-step income statement for the period ended January 31, 2018. 5. Prepare a classified balance sheet as of January 31, 2018