Gordon Company, a new tax service, began operations on January 1. During the month they had the following transactions:January 2Sold 50,000 shares of stock for $90,000 cash.January 4Purchased a one-year comprehensive insurance policy for $1,200.January 8Computer equipment is purchased for $25,000. A cash payment of $10,000 is made with the remainder on a note.January 15 Customers are billed for service for the first half of the month. The total of $6,000 is due in 10 days.January 17 Wages of $2,000 for the first half of January are paid.January 24 Received $6,000 from customers for services provided during the first half of the month.January 31 Wages of $2,000 for the second half of the month are accrued and will be paid on February 7.January 31 Sent bills totaling $8,250 to customers for services provided during the second half of the month and due in 10 days.REQUIRED:1.Prepare journal entries to record the January transactions (January 1-24).2.Prepare journal entries to record the adjusting entries for insurance, wages (given above), and accrued revenue (given above) on January 31.3.Prepare the multi-step income statement.4.Prepare the balance sheet.