Check my wo On January 1, 2024, the general ledger of Big Blast Fireworks includes the following account balances: Accounts Cash Debit Credit $23,300 Accounts Receivable 40,000 Allowance for Uncollectible Accounts $4,500 Inventory 37,000 Land 72,100 Accounts Payable 28,900 Notes Payable (6%, due in 3 years) 37,000 Common Stock 63,000 Retained Earnings 39,000 Totals $172,400 $172,400 The $37,000 beginning balance of inventory consists of 370 units, each costing $100. During January 2024, Big Blast Fireworks had the following inventory transactions: January 3 Purchase 1,600 units for $168,000 on account ($105 each). January 8 Purchase 1,700 units for $187,000 on account ($110 each). January 12 Purchase 1,800 units for $207,000 on account ($115 each). January 15 Return 135 of the units purchased on January 12 because of defects. January 19 Sell.5,200 units on account for $780,000 The cost of the units sold is determined using a FIFO perpetual inventory system. January 22 Receive $753,000 from customers on accounts receivable. January 24 Pay $520,000 to inventory suppliers on accounts payable. January 27 Write off accounts receivable as uncollectible, $3,200. January 31 Pay cash for salaries during January, $121,000. The following information is available on January 31, 2024.