Can you please answer all the questions and provide a general journal entry as well, thanks !

On January 1, 2021, the general ledger of Freedom Fireworks includes the following account balances: Credit Debit $101,800 35, 200 152,600 73,300 126,000 Accounts Cash Accounts Receivable Inventory Land Buildings Allowance for Uncollectible Accounts Accumulated Depreciation Accounts Payable Bonds Payable Discount on Bonds Payable Common Stock Retained Earnings Totals $ 2,400 10,200 24,300 126,000 30,600 206,000 150,600 $519,500 $519,500 During January 2021, the following transactions occurred: January 1 Borrowed $106,000 from Captive Credit Corporation. The installment note bears interest at 6% annually and matures in 5 years. Payments of $2,049.28 are required at the end of each month for 60 months. January 1 Called the bonds at the contractual call price of $106,000. The 5% bonds pay interest semiannually each June 30 and December 31. January 4 Received $31,600 from customers on accounts receivable. January 10 Paid cash on accounts payable, $17,000. January 15 Paid cash for salaries, $29,500. January 30 Firework sales for the month totaled $196,200. Sales included $65,600 for cash and $130, 600 on account. The cost of the units sold was $115,500. January 31 Paid the first monthly installment of $2,049 related to the $106,000 borrowed on January 1. Round your interest calculation to the nearest dollar. The following information is available on January 31, 2021. 1. Depreciation on the building for the month of January is calculated using the straight-line method. At the time the building was purchased, the company estimated a service estimated a service life of 10 years and a residual 2. At the end of January, $3,600 of accounts receivable are past due, and the company estimates that 50% of these accounts will not be collected. Of the remaining accounts receivable, the company estimates that 2% will not be collected. No accounts were written off as uncollectible in January. 3. Unpaid salaries at the end of January are $26,700. 4. Accrued income taxes at the end of January are $5,600. Prepare an income statement for the period ended January 31, 2021. Choose the appropriate accounts to complete t company's income statement. The unadjusted, adjusted, or post-closing balances will appear for each account, based selection Unadjusted Dates: Jan 01 to: Jan 31 Freedom Fireworks Multiple-Step Income Statement For the Month Ended January 31, 2021 Gross profit Total operating expenses Operating income ( Trial Balance Balance Sheet > - to: Jan 31 The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. Unadjusted Dates: Jan 01 Freedom Fireworks Classified Balance Sheet January 31, 2021 Assets Liabilities Current assets: Current liabilities: Total current liabilities Long-term liabilities 0 Total liabilities Total current assets Non-current assets: Stockholders' equity Total stockholders' equity Total liabilities & stockholders' equity Total assets $ 0 Using the information from the requirements above, complete the 'Analysis'. (Calculate the ratios to the nearest 1 decimal place.) Dates: Jan 01 to: Jan 31 Analyze the following for Freedom Fireworks: (a) Calculate the debt to equity ratio. If the average debt to equity ratio for the industry is 1.0, is Freedom Fireworks more or less leveraged than other companies in the same industry? The debt to equity ratio is: Is the company more or less leveraged than other companies? (b) Calculate the times interest earned ratio. If the average times interest earned ratio for the industry is 20 times, is the company more or less able to meet interest payments than other companies in the same industry? The times interest earned ratio is: Is the company more or less able to meet interest payments than other companies? Based on the debt to equity ratio and the times interest earned ratio, ratio, Freedom Fireworks would more likely receive a higher or lower interest rate than the average borrowing rate in the industry? - to: Jan 31 The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. Unadjusted Dates: Jan 01 Freedom Fireworks Classified Balance Sheet January 31, 2021 Assets Liabilities Current assets: Current liabilities: Total current liabilities Long-term liabilities 0 Total liabilities Total current assets Non-current assets: Stockholders' equity Total stockholders' equity Total liabilities & stockholders' equity Total assets $ 0 Using the information from the requirements above, complete the 'Analysis'. (Calculate the ratios to the nearest 1 decimal place.) Dates: Jan 01 to: Jan 31 Analyze the following for Freedom Fireworks: (a) Calculate the debt to equity ratio. If the average debt to equity ratio for the industry is 1.0, is Freedom Fireworks more or less leveraged than other companies in the same industry? The debt to equity ratio is: Is the company more or less leveraged than other companies? (b) Calculate the times interest earned ratio. If the average times interest earned ratio for the industry is 20 times, is the company more or less able to meet interest payments than other companies in the same industry? The times interest earned ratio is: Is the company more or less able to meet interest payments than other companies? Based on the debt to equity ratio and the times interest earned ratio, ratio, Freedom Fireworks would more likely receive a higher or lower interest rate than the average borrowing rate in the industry?