I have the entirety of the question done correctly, I just need help preparing my closing statements that I posted pictures of (13 and 14). I provided the complete trial balance in case if that's of any assistance. Thank you so much for your help and let me know if you need any other information!

On January 1, 2021, the general ledger of Freedom Fireworks includes the following account balances: Credit Debit $ 12,800 37,200 153,600 83,300 136,000 Accounts Cash Accounts Receivable Inventory Land Buildings Allowance for Uncollectible Accounts Accumulated Depreciation Accounts Payable Common Stock Retained Earnings Totals $ 3,400 11,200 35,300 216,000 157,000 $422,900 $422,900 During January 2021, the following transactions occur: January 1 Borrow $116,000 from Captive Credit Corporation. The installment note bears interest at 6% annually and matures in 5 years. Payments of $2,243 are required at the end of each month for 60 months. January 4 Receive $32,600 from customers on accounts receivable. January 10 Pay cash on accounts payable, $27,000. January 15 Pay cash for salaries, $30,500. January 30 Firework sales for the month total $210,200. Sales include $66,600 for cash and $143,600 on account. The cost of the units sold is $120,500. January 31 Pay the first monthly installment of $2,243 related to the $116,000 borrowed on January 1. Round your interest calculation to the nearest dollar. The following information is available on January 31, 2021. a. Depreciation on the building for the month of January is calculated using the straight-line method. At the time the building was purchased, the company estimated a service life of 10 years and a residual value of $25,600. b. The company estimates future uncollectible accounts. The company determines $4,600 of accounts receivable on January 31 are past due, and 50% of these accounts are estimated to be uncollectible. The remaining accounts receivable on January 31 are not past due, and 2% of these accounts are estimated to be uncollectible. (Hint: Use the January 31 accounts receivable balance calculated in the general ledger.) c. Unpaid salaries at the end of January are $27,700. d. Accrued income taxes at the end of January are $9,600. e. $20,612 of the long-term note payable balance will be paid over the next year. Journal entry worksheet 14 Prepare the closing entry for revenue. Note: Enter debits before credits. Account Title Debit Credit Date Jan 31 Record entry Clear entry View general journal Journal entry worksheet