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Porter Corporation's balance sheet at December 31, 2011, is presented below. During January 2012, the following transactions occurred. Porter uses the perpetual inventory method. Jan. 1 Porter accepted a 4-month, 8\% note from Anderko Company in payment of Anderko's \$1,200 account. 3 Porter wrote off as uncollectible the accounts of Elrich Corporation (\$450) and Rios Company (\$280). 8 Porter purchased $17,200 of inventory on account. 11 Porter sold for $25,000 on account inventory that cost $17,500. 15 Porter sold inventory that cost $700 to Fred Berman for $1,000. Berman charged this amount on his Visa First Bank card. The service fee charged Porter by First Bank is 3\%. 17 Porter collected $22,900 from customers on account. 21 Porter paid $16,300 on accounts payable. 24 Porter received payment in full (\$280) from Rios Company on the account written off on January 3. 27 Porter purchased advertising supplies for $1,400 cash. 31 Porter paid other operating expenses, \$3,218. Adjustment data: 1. Interest is recorded for the month on the note from January 1. 2. Bad debts are expected to be 6% of the January 31,2012 , accounts receivable. 3. A count of advertising supplies on January 31, 2012, reveals that $560 remains unused. 4. The income tax rate is 30%. Journalize the transactions using NAS. Prepare BS, CF and IS