Help S Required information On January 1, 2021, the general ledger of Dynamite Fireworks includes the following account balances Cash Accounts Receivable Supplies Land Accounts Payable Common Stock Retained Earnings 24,208 5,688 ,509 54,000 3,600 69,009 Totals $87,300 $87,340 During January 2021 the following transactions occur 2 Purchase rental space for one year in advance, $7,200 (s6e0/month). 9 Purchase additional supplies on account, s3,gee. 3anuary anuary 13 Provide services to customers on ac ount, $25,900 Pevetwe foh ustoers fer services to be provided In the future, 54,100 January 28 Pay cash for salaries, $11,900. danuary 22 Receive cash on accounts receivable, $24,5e0. January 29 Pay cash on accounts payable, $4,400. 7. Analyze the following features of Dynamite Fireworks' financial condition: a. What is the amount of profit reported for the month of January? b. Calculate the ratio of current assets to current liablities at the end of January . Based on Dynamite Fireworks' profit and ratio of current assets to curent lablities, indicate whether Dynamee Fireworks appears to be in good or bad financial condition e Good Bad