During Januery 2024 , the following transections occur: January 2 Issuc an additional 2, eee shares of $1 par value comnon stack for $4, e8e. January 9 Provide services to customers on account, \$14, e0e. January 1e Purchase additional supplies on account, \$5, e0e. January 12 Purchase 1,100 shares of treasury stock for $19 per share. January 15 Pay cash on accounts payable, \$16,6ee. January 21 Provide services to custoners for cash, \$49, 200. January 22 Receive cash on accounts reccivable, \$16,78e. January 29 Declare a cash dividend of $2.40 per share to all shares outstanding on January 29. The dividend is payable on February 15. (Hint: Grand Finale Fireworks had 11, gee shares outstanding on January 1, 2824, and dividends are nat paid on treasury stock.) January 3e Resell gee shares of treasury stock for $21 per share. January 31 Pay cash for salaries during January, \$42,18e. The following information is available on January 31,2024. a. Unpoid utilities for the month of January are $6,300. b. Supplies at the end of Jenuery total $5,200. c. Depreciation on the equipment for the month of Januery is calculated using the streight-line method. At the time the equipment was purchased, the compony eatimated a service life of three years and a residual value of $10,100. d. Accrued income taxes at the end of January are $2,100. Using the information from the requirements above, complete the 'Analysis' tab. (Enter your retum on equity value to one decimal place and eamings 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 an equity for the industry for danuary is 2.40%, is the company mare or less profitable than ather companies in the sarne industry? The retum an equity is: Is the company more or less profitable than ather companies? (b) How many shares of common stock are outstanding as of Jarnuary 31, 2024? The number of common shares cutstanding as of January 31, 2024 is (c) Caloulate earrings per share for the manth of January. (Hint: To calculate average shares of cornmon stock cutstanding take the beginning shares outstanding plus the ending shares cutstanding and divide the total by 2.) If earrings per share was $2.40 last year (i.e., an average of 50.20 per monthi), is earnings per share for January 2024 better or worse than last year's average