Exercise 3-21A Complete the accounting cycle (LO3-3, 3-4, 3-5, 3-6) On January 1, 2021, the general ledger of Dynamite Fireworks includes the following account balances: Accounts Cash Accounts Receivable Debit Credit $23,800 5,200 Supplies 3,100 Land 50,000 Accounts Payable $3,200 Common Stock 65,000 Retained Earnings 13,900 Totals $82,100 $82,100 During January 2021, the following transactions occur. January 2 Purchase rental space for one year in advance, $6,000 ($500/month). January 9 Purchase additional supplies on account, $3,500. January 13 Provide services to customers on account, $25,500. January 17 Receive cash in advance from customers for services to be provided in the future, $3,700. January 28 Pay cash for salaries, $11,500. January 22 Receive cash on accounts receivable, $24,100. January 29 Pay cash on accounts payable, $4,000. Exercise 3-21A Part 5 5. Prepare a classified balance sheet as of January 31, 2021. DYNAMITE FIREWORKS Balance Sheet January 21, 2021 Assets Current assets Cash Total current ats Long-term assets Total assets Liabilities Current liabilities Total current liabilities Stockholder's Equity Total stockholders' equity Total abilities and stockholders' equity