Exercise 9-19 Complete the accounting cycle (LO9-2, 9-8) The following information applies to the questions displayed below. On January 1, 2018, the general ledger of Freedom Fireworks includes the following account balances: Accounts Cash Accounts Recelvable Inventory Land Buildings Allowance for Uncollectible Accounts Accumulated Depreciation Accounts Payable Common Stock Retained Earnings Debit Credit $ 12.300 36,200 153.100 78,300 131,000 $ 2.900 10,700 29,800 211000 156,500 Totals $410.900 $410,900 During January 2018, the following transactions occur January 1 Borrow $111,000 from Captive Credit Corporation. The installment note bears interest at 6% annually and matures in 5 years. Payments of $2,090 are required at the end of each month for 60 months. January 4 Receive $32.100 from customers on accounts receivable January 10 Pay cash on accounts payable, $22,000. January 15 Pay cash for salaries, $30,000. January 30 Firework sales for the month total $200,800. Sales include $66,100 for cash and $134.700 on account. The cost of the units sold is $118,000. January 31 Pay the first monthly installment of $2,090 related to the $111,000 borrowed on January 1. Round your interest calculation to the nearest dollar