GL 2-11 (Algo) Complete the accounting cycle (LO2-3, 2-4, 2-5, 2-6,2-7,2-8) On January 1, 2024, the general ledger of Dynamite Fireworks includes the following account balances: Accounts Cash Accounts Receivable Supplies Land Accounts Payable Debit Credit $ 24,500 5,900 3,800 57,000 $ 3,900 72,000 Common Stock Retained Earnings 15,300 $ Totals 91,200 $91,200 During January 2024, the following transactions occur: January 2 Purchase rental space for one year in advance, $8,100 ($675/month). January 9 Purchase additional supplies on account, $4,200. January 13 Provide services to customers on account, $26,200. January 17 Receive cash in advance from customers for services to be provided in the future, $4,400. January 20 Pay cash for salaries, $12,200. January 22 Receive cash on accounts receivable, $24,800. January 29 Pay cash on accounts payable, $4,700. The following information is available on January 31. a. Rent for the month of January has expired. b. Supplies remaining at the end of January total $3,500. c. By the end of January, $3,725 of services has been provided to customers who paid in advance on January 17. d. Unpaid salaries at the end of January are $5,310. Require... General General Trial Journal Ledger Balance Income Balance Statem... Sheet Analysis Using the information from the requirements above, complete the 'Analysis' tab. Analyze the following features of Dynamite Fireworks' financial condition: (a) What is the amount of profit reported for the month of January? The amount of profit reported for the month of January is (b) Calculate the ratio of current assets to current liabilities (the current ratio) at the end of January. The ratio of current assets to current liabilities at the end of January is (c) Based on Dynamite Fireworks' profit and ratio of current assets to current liabilities, indicate whether Dynamite Fireworks appears to be in good or bad financial condition. Does the company appear to be in good or bad financial condition? Balance Sheet Analysis >