$23$Januany $3$January$3$January $3$Description of EventEmployees are paid monthly on the first business day of the month for workdone in the previous month. The total payrall for the previous month isS$110,000.($lgnore payrall taxes for this assignment.$)$ Accounting wrote anddistributed the paychecksGBI received $$111,384$ in safety product inventory and $$74,256$ in rawmaterials from Dallas Bike Basics. This inventory was ordered on December $28$The payment terms for the invoice total of $$185,640$ are net $10$ days. GBl paidthe CWX shipping company SSs$0$ with a manual check for the shipment of theSoods. The bill of lading showed that the safety product inventory arrived in$6$boxes with a total weightaf $120$ lbs$.$ and the raw materials came on a palletand weighed $100$ Ibs.Windy City Bikes in Chicago, IL ordered S$22,0$D$0$ of bicycle accessories from GBI.The cost of the accessories $($to GBI$)$ s S$15,180.$ The goods were shipped toWindy City immediately via UPS using Windy City's UPS shipping number. Theterms of payment for Windy City's order are $2/10$ net $30$ days.