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Required information On January 1, 2021, the general ledger of Dynamite Fireworks includes the following account balances: Credit Accounts Cash Accounts Receivable Supplies Land Accounts Payable Common Stock Retained Earnings Totals Debit $24,600 6,000 3,900 58,000 $ 4,000 73,000 15,500 $92,500 $92,500 During January 2021, the following transactions occur: January 2 Purchase rental space for one year in advance, $8,400 ($700/month). January 9 Purchase additional supplies on account, $4,300. January 13 Provide services to customers on account, $26,300. January 17 Receive cash in advance from customers for services to be provided in the future, $4,500. January 20 Pay cash for salaries, $12,300. January 22 Receive cash on accounts receivable, $24,900. January 29 Pay cash on accounts payable, $4,800. Prepare an income statement for the period ended January 31, 2021. the period en X Answer is complete but not entirely co DYNAMITE FIREWORKS Income Statement For the year ended January 31, 2021 Revenues: Service Revenue 30,200 x Expenses: Rent Expense Supplies Expense Salaries Expense $ 700 4,300 x 12,300 X Total Expenses Net Income 17,300 65,800