Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Common Stock, $1 par value Additional Paid-in Capital Retained Earnings $ 44,100 47,300 8,900 78,000 $10,400 16,000 14,000 94,000 43,900 $178,300 $178,300 Totals During January 2024, the following transactions occur: January 2 Issue an additional 2,000 shares of $1 par value common stock for $40,000. January 9 Provide services to customers on account, $18,200. January 10 Purchase additional supplies on account, $6,300. January 12 Purchase 1,100 shares of treasury stock for $21 per share. January 15 Pay cash on accounts payable, $17,900. January 21 Provide services to customers for cash, $50,500. January 22 Receive cash on accounts receivable, $18,000. January 29 Declare a cash dividend of $0.30 per share to all shares outstanding on January 29. The dividend is payable on February 15. (Hint: Grand Finale Fireworks had 14,000 shares outstanding on January 1, 2024, and dividends are not paid on treasury stock.) January 30 Resell 800 shares of treasury stock for $23 per share. January 31 Pay cash for salaries during January, $43,400. 4. Prepare a multiple-step income statement for the period ended January 31, 2024. Revenues: GRAND FINALE FIREWORKS Income Statement For the Month Ended January 31, 2024 Service Revenue Sales Revenue Expenses: Supplies Expense Utilities Expense Income Tax Expense Depreciation Expense Income Before Taxes Net Income 0