5 7 B 3 0 1 _2 A B 3 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 C D E Quiz v2 MSB712 FA23 Inventory Accounts receivable On December 31, 2022, Gamma Corp had the following account balances: Cash 20,000 18,000 10,000 50,000 Equipment Accumulated depreciation F G Last Name: Accounts payable Bonds payable Retained earnings Common stock Treasury Stock H 3,500 20,000 15,000 59,500 In January 2023, Gamma Corp made the following transactions: 1/5/2023 Issues $5,000 of common stock for cash. 1/8/2023 Repurchases $4,200 of common stock. 1/9/2023 Collects $6,500 of its outstanding accounts receivable 1/11/2023 Incurs and pays $5,800 of advertising expense. 1/15/2023 Sells $15,000 worth of inventory for $41,000 on account 1/23/2023 Incurs $5,000 of depreciation expense 1/25/2023 Incurs $2,700 of income tax expense. 1/26/2023 Incurs and pays $1,700 of interest expense. 1/29/2023 Pays a $2,900 cash dividend to common stock holders Carino K Prepare an income statement and equity statement for the month of January, and a balance sheet for January 31. Include gross profit, operating earnings, earnings before taxes, and net income on the income statement. Include total liabilities and total equity on the balance sheet M