Exercise 10-17 Complete the accounting cycle using stockholders' equity transactions (LO10-2, 10-4, 10-5, 10-8) [The following information applies to the questions displayed below.] On January 1, 2021, the general ledger of Grand Finale Fireworks includes the following account balances: During January 2021, the following transactions occur: January 2 Issue an additional 2,100 shares of $1 par vatue comnon stock for $42,000. January 9 Provide services to customers on account, $16,700. January 10 Purchase additional supplies on account, $5,600. January 12 Purchase 1,000 shares of treasury stock for $20 per share, January 15 Pay cash on accounts payable, $17,200, January 21 Provide services to custoners for cash, 549,800. January 22 Receive cash on accounts receivable, $17,300. January 29 Declare a cash dividend of 50.20 per share to atl shares outstanding on January 29. The dividend is payable on February 15. (Hint: Grand Finale Fireworks had 17, 600 shares outstanding on January 1, 2021, and dividends are not paid on treasury stock.) January 30 Resell 808 shares of treasury stock for $22 per share. January 31 Pay cash for 5alaries during January, $42,700. 4. Prepare an income statement for the period ended January 31, 2021. Exercise 10-17 Complete the accounting cycle using stockholders' equity transactions (LO10-2, 10-4, 10-5, 10-8) [The following information applies to the questions displayed below.] On January 1, 2021, the general ledger of Grand Finale Fireworks includes the following account balances: During January 2021, the following transactions occur: January 2 Issue an additional 2,100 shares of $1 par vatue comnon stock for $42,000. January 9 Provide services to customers on account, $16,700. January 10 Purchase additional supplies on account, $5,600. January 12 Purchase 1,000 shares of treasury stock for $20 per share, January 15 Pay cash on accounts payable, $17,200, January 21 Provide services to custoners for cash, 549,800. January 22 Receive cash on accounts receivable, $17,300. January 29 Declare a cash dividend of 50.20 per share to atl shares outstanding on January 29. The dividend is payable on February 15. (Hint: Grand Finale Fireworks had 17, 600 shares outstanding on January 1, 2021, and dividends are not paid on treasury stock.) January 30 Resell 808 shares of treasury stock for $22 per share. January 31 Pay cash for 5alaries during January, $42,700. 4. Prepare an income statement for the period ended January 31, 2021