Check my work On January 1, 2021, the general ledger of Grand Finale Fireworks includes the following account balances: Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Common Stock, $1 par value Additional Paid-in Capital Retained Earnings Totals Debit Credit $ 43,700 46,500 B, 500 74,000 $.10,000 15,600 10,000 90,000 47.100 $172,700 $172,700 During January 2021, the following transactions occur: January 2 Issue an additional 2,200 shares of $1 par value common stock for $44,000. January 9 Provide services to customers on account, $16,600. January 10 Purchase additional supplies on account, $5,900. January 12 Purchase 1,200 shares of treasury stock for $24 per share. January 15 Pay cash on accounts payable, $17,500. January 21 Provide services to customers for cash, $50,100. January 22 Receive cash on accounts receivable, $17,600. January 29 Declare a cash dividend of $0.20 per share to all shares outstanding on January 29. The dividend is payable on February 15. (Hint: Grand Finale Fireworks had 10,000 shares outstanding on January 1, 2021, and dividende are not paid on treasury stock.) January 30 Rosell 600 shares of treasury stock for $26 per share. January 31 Pay cash for salqien during January, $43,000. The following information is available on January 31, 2021. a. Unpaid utilities for the month of January are $7,200. b. Supplies at the end of January total $6,100, that the Ahmet c. Depreciation on the equipment for the month of January is calculated using the straightline method. At the time the equipment was purchased, the company estimated a service life of three years and a residual value of $11,000. d. Accrued income taxes at the end of January are $2,100. Unadjusted General Ledger Account Cash Accounts Receivable No. Date Debit Credit No. Date Debit Balance 43,700 Credit Dec 31 Balance 46,500 Supplies No. Debit Date Dec 31 Credit Equipment Debit No. Balance 8,500 Credit Date Dec 31 Balance 74,000 Accumulated Depreciation Credit Accounts Payable No. Date Debit No. Date Debit Balance 10,000 Credit Balance 15,600 Common Stock Additional Pald-in Capital Debit Credit No. Date Debit Credit No. Date Balance 10,000 Balance 90,000 Retained Earnings Debit Credit No. Date Balance 47,100 Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet Analysis Choose the appropriate accounts to complete the company's income statement. Select 'adjusted' from the dropdown, which will then populate the balances in those accounts from the adjusted trial balance. Unadjusted Grand Finale Fireworks Multiple-Step Income Statement For the Month ended January 31, 2021 Total Revenue + Total Operating Expenses Unadjusted Grand Finale Fireworks Classified Balance Sheet January 31, 2021 Assets Liabilities Current Assets: Current Liabilities: Total Current Assets Noncurrent Assets: Total Current Liabilities Stockholders Equity Total Stockholders' Equity Total Liabilities & Stockholders' Equity Total Assets Requirement General Journal General Ledger Trial Balance Ch income Statement Balance Sheet Analysis Enter your Return on Equity value to one decimal place and earnings per share value to 2 decimal places. Analyze the following for Grand Finale Fireworks: (a) Calculate the return on equity for the month of January. If the average return on equity for the industry for January is 2.50%, is the company more or less profitable than other companies in the same industry? The return on equity is: % Is the company more or less profitable than other companies? (b) How many shares of common stock are outstanding as of January 31, 2021? The number of common shares outstanding as of January 31, 2021 (c) Calculate earnings per share for the month of January. (Hint: To calculate average shares of common stock outstanding take the beginning shares outstanding plus the ending shares outstanding and divide the total by 2.) If earnings per share was $3.60 last year (le, an average of $0,30 per month), is earnings por share for January 2021 better or worse than last year's averago? Earnings per share is: Is earnings per share for January 2021 better or worse than last year's average