Can you please answer all the questions and provide the general journal entry, Thank you!

On January 1, 2021, the general ledger of TNT Fireworks includes the following account balances: Credit Debit $ 59,000 25,600 $ 2,500 Accounts Cash Accounts Receivable Allowance for Uncollectible Accounts Inventory Notes Receivable (5%, due in 2 years) Land Accounts Payable Common Stock Retained Earnings Totals 36,600 15,600 158,000 15, 100 223,000 54,200 $ 294,800 During January 2021, the following transactions occurred: January 1 Purchased equipment for $19,800. The company estimates a residual value of $1,800 and a six-year service life. January 4 Paid cash on accounts payable, $9,800. January 8 Purchased additional inventory on account, $85,900. January 15 Received cash on accounts receivable, $22, 300 January 19 Paid cash for salaries, $30,100. January 28 Paid cash for January utilities, $16,800. January 30 Firework sales for January totaled $223,000. All of these sales were on account. The cost of the units sold was $116,500. The following information is available on January 31, 2021. a. Depreciation on the equipment for the month of January is calculated using the straight-line method. b. At the end of January, $3,300 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. The note receivable of $15,600 is considered fully collectible and therefore is not included in the estimate of uncollectible accounts. c. Accrued interest revenue on notes receivable for January. d. Unpaid salaries at the end of January are $32,900. e. Accrued income taxes at the end of January are $9,300. Unadjusted TNT Fireworks Multiple-Step Income Statement For the year ended January 31, 2021 Gross profit Total operating expenses Operating income Unadjusted TNT Fireworks Balance Sheet January 31, 2021 Assets Liabilities Current assets: Current liabilities: Total current liabilities Total liabilities Total current assets Noncurrent assets: Stockholders' Equity Total stockholders' equity Total liabilities & stockholders' equity Total assets 0 Analyze how well TNT Fireworks manages its assets: (a) Calculate the return on assets ratio for the month of January. If the average return on assets for the industry in January is 2%, is the company more or less profitable than other companies in the same industry? The return on assets ratio is: The company is more profitable. (True or False) (b) Calculate the profit margin for the month of January. If the industry average profit margin is 5%, is the company more or less efficient at converting sales to profit than other companies in the same industry? The profit margin is: The company is more efficient at converting sales to profit. (True or False) (c) Calculate the asset turnover ratio for the month of January. If the industry average asset turnover is 0.5 times per month, is the company more or less efficient at producing revenues with its assets than other companies in the same industry? The asset turnover ratio is: times The company is more efficient at producing revenues with its assets. (True or False)