35 pts Use the following Information to Answer the questions Below 1) Jan 1, Our Business Authorired 200,000 shares of $1 Par value stock 2) Jan 2, Our Business issued 60,000 shares of common stock for $10 each. 3) Jan 3, Our Business Issued 500 bonds for $1,000 Each (Face Value of $1,000 and Face Rate of 4.8% paid Annually on December 31) 4) Jan 4, Our Business Bought Equipment for $180,000 on Account. The Equipment has a 5 Year Life. 5) Jan 5, Our Business Bought 500 Bikes for 580 each, total of $10,000 with a Check. a) FYI -Our Business Uses the Perpetual FIFO Method of Inventory Valuation 6) Jan 10, Our Business Hought 500 Bikes for $90 each, total of $45,000 on Account 7) Jan 15, Our Business paid Jan Operating Expenses of $110,000 with Checks 8) Jan 20, Our Business Sold 900 Bikes to the Gilroy Bike Shop for $400 Each All for Cash 9) Jan 25, Our Business Bought Back 10,000 shares of Common Stock at 58 each from the investors 10) Jan 31, Our Business Recorded one month of Depreciation on the Equipment 11) Jan 31, Our Business Recorded one month of Bond Interest Payable on the Bonds 12) Jan 31, Our Business paid Dividends in the amount of $1 per share of Common Stock Outstanding at Jan JL. Compute the following. Show your Answers as a Number only NO Decimals or Dollar Signs Compute the Gross Profit for the Month Compute the Net Income for the Month Compute the Ending Retained Earnings Balance at Month End - Compute The Ending Inventory Balance in Dollars at Month End - Compute the Ending Inventory Balance in Units (es) at Month End Compute the Ending Cash Balance at Month End Compute the Ending Net Book Value of the Ement at Month End Compute the Total Assets at Month End Compute the The Total abilities at Month End Compute the The Total Stockholders Owners Equity at Month End Compute the Number of Common Stock Shares Issued as of Month End Compute the Number of Common Stock Shares Outstanding as of Month End