8 Required information (The following information applies to the questions displayed below.] On January 1, 2021, the general ledger of ACME Fireworks includes the following account balances: Part 4 of 7 Accounts Credit Debit $ 26,300 48,600 Cash 769 Accounts Receivable Allowance for Uncollectible Accounta Inventory Land points 5,400 21,200 58,000 21,000 Equipment Accumulated Depreciation Accounts Payable Notes Payable (6, due April 1, 2022) Conmon Stock 2,700 29,700 62,000 47,000 28,300 eBook Retained Earnings Print Totals $175,100 $175,100 During January 2021, the following transactions occur References January 2 Sold gift cards totaling $10,400. The eards are redeenable for merchandise within one year of the purchase date. January 6 Purehase additional inventory on account, $159,000 January 15 Firework sales for the first half of the month total $147,000. All of these sales are on account. The cost of the units sold is $79,800. January 23 Receive $126,600 from customers on accounts receivable. January 25 Pay $102,000 to inventory suppliers on accounts payable. January 28 Write off accounts receivable as uncollectible, $6,000. January 30 Firowork sales for the socond half of the month total $155,000. Sales include $11,000 for cash and $144,000 on account. The cost of the units sold is $85,500 January 31 Pay cash for nonthly salaries, $53,200 4. Prepare a multiple-step income statement for the period ended January 31, 2021. 8 Required information (The following information applies to the questions displayed below.] On January 1, 2021, the general ledger of ACME Fireworks includes the following account balances: Part 4 of 7 Accounts Credit Debit $ 26,300 48,600 Cash 769 Accounts Receivable Allowance for Uncollectible Accounta Inventory Land points 5,400 21,200 58,000 21,000 Equipment Accumulated Depreciation Accounts Payable Notes Payable (6, due April 1, 2022) Conmon Stock 2,700 29,700 62,000 47,000 28,300 eBook Retained Earnings Print Totals $175,100 $175,100 During January 2021, the following transactions occur References January 2 Sold gift cards totaling $10,400. The eards are redeenable for merchandise within one year of the purchase date. January 6 Purehase additional inventory on account, $159,000 January 15 Firework sales for the first half of the month total $147,000. All of these sales are on account. The cost of the units sold is $79,800. January 23 Receive $126,600 from customers on accounts receivable. January 25 Pay $102,000 to inventory suppliers on accounts payable. January 28 Write off accounts receivable as uncollectible, $6,000. January 30 Firowork sales for the socond half of the month total $155,000. Sales include $11,000 for cash and $144,000 on account. The cost of the units sold is $85,500 January 31 Pay cash for nonthly salaries, $53,200 4. Prepare a multiple-step income statement for the period ended January 31, 2021