Elite Emporium's Initial Account Balances $($January $1$st$)$:

$$ Cash: INR $100,000$

$$ Accounts Receivable: INR $15,000$

$$ Inventory: INR $30,000$

$$ Accounts Payable: INR $20,000$

$$ Accrued Wages: INR $5,000$

$$ Accumulated Depreciation: INR $7,000$

$$ Common Equity: INR $73,000$

Transactions Occurring Between January $1$st and January $30$th:

$1.$ On January $5$th$,$ Elite Emporium purchases and receives merchandise for inventory worth INR $10,000,$ agreeing to pay within $30$ days.

$2.$ On January $10$th$,$ Elite Emporium receives a payment of INR $6,000$ from a customer on their accounts receivable.

$3.$ On January $15$th$,$ Elite Emporium pays INR $4,000$ in accrued wages.

$4.$ On January $20$th$,$ the store purchases new store fixtures for INR $15,000,$ paying INR $4,000$ in cash and agreeing to pay the remaining INR $11,000$ within $60$ days.

$5.$ On January $25$th$,$ Elite Emporium pays INR $7,000$ to a supplier on their accounts payable.

$6.$ On January $30$th$,$ the store records depreciation expense of INR $1,000.$

Prepare Balance Sheet for Elite Emporium as of January $30$th $($In Proper Format$)$:

Questions for Analysis $($Balance Sheet$)$:

$1.$ Calculate the updated account balances for each account as of January $30$th$,$ considering the transactions that occurred during the month.

$2.$ Prepare a balance sheet for Elite Emporium as of January $30$th in the proper format. Ensure that the assets, liabilities, and equity are appropriately categorized and the values are filled in$.$

$3.$ Analyze how the purchase of inventory on January $5$th affected the balance sheet, particularly the changes in current assets and liabilities.

$4.$ Explain how the receipt of payment on accounts receivable on January $10$th impacted the balance sheet, focusing on current assets and equity.

$5.$ Discuss the effect of paying accrued wages on January $15$th on the balance sheet, emphasizing changes in current liabilities.

$6.$ Evaluate the impact of the purchase of new store fixtures on January $20$th on the balance sheet, highlighting changes in non$-$current assets and current liabilities.

$7.$ Examine the effect of paying a supplier on accounts payable on January $25$th on the balance sheet, focusing on current liabilities.

$8.$ Calculate the updated balance of accumulated depreciation as of January $30$th$,$ and explain its significance on the balance sheet.