Dn January 1, Yey 1, the general ledger of a compary includes the following account balances: The $44,000 beginning balance of inventory consists of 440 unis, each costing $100. During January Year 1 , the company had the following inventory transactions: Janwary 3 Purchase 1,250 units for $133,750 on acoount (\$107 each). Lavary 8 Purchase 1,350 unts for $151,250 on acoount is112 each) linuary 12 Purthast 1,450 units for $160,650 on aceount i $117 aachy. Laruary 15 Resum 170 of the units purchased on danuary 12 because of delects. January 19Sel4.200 units on acoocint for $630,000. The cost of the units sold is deetermined using a Fifo perpetual inveritory system. Jonuary 22 Receive $617,000 from customers on acoounts recelvable. January 24 Pay 3420000 to inventory supplers on accourts payable. January 27 Wirle off accourts receviable as uncolectible, $2.300 Jasuary 3t Pay eash for saiarins durieg January, $133,000. The following inforenation is avalable on January 31, Year 1. a. At the end of January, the compary estimades that the semaining units of imventory are expected to sell in February for only $100 each. c. Accrued interest expense on notes payabie for Jaruary. Interest is expected to be paid each December 31 . d. Accrued income taxes at the end of Jaruary are $13,700. Prepare the joumal entries for transactions. fIf no entry is required for a particular transaction/evem, select "No journal entry required" in the first accourt field.) Journal entry worksheet Record purchase of 1,250 units for $133,750 on account ( $107 each). Note: Enter debits before credits. Each journal entry is posted automatically to the general ledger. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. Notice the dropdown below that gives the options to select the unadjusted, adjusted or post-closing trial balance. The option you choose will be the values used to populate the income statement and balance sheet tabs. Choose the appropriate accounts to complete the company's income statement. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. Prepare a classified balance sheet as of January 31, 2021. Choose the appropriate accounts to complete the company's balance sheet. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection