I need help with number 4 and 5. I put the adjusted trial balance for the income statement.

of 7 Required information [The following information applies to the questions displayed below.] On January 1, 2021, the general ledger of ACME Fireworks includes the following account balances: Credit Debit $ 25,900 47,800 $5,000 Inventory Accounts Cash Accounts Receivable Allowance for Uncollectible Accounts Land Equipment Accumulated Depreciation Accounts Payable Notes Payable (6%, due April 1, 2022) Common Stock Retained Earnings Totals 20,800 54 , 19,000 ok 2,300 29,300 58,000 43,000 29,900 $167,500 ences $167,500 During January 2021, the following transactions occur January 2 Sold gift cards totaling $9,600. The cards are redeemable for merchandise within one year of the purchase date. January 6 Purchase additional inventory on account, $155,000. January 15 Firework sales for the first half of the month total $143,000. All of these sales are on account. The cost of the units sold is $77,800. January 23 Receive $126,200 from customers on accounts receivable. January 25 Pay $98,000 to inventory suppliers on accounts payable. January 28 Write off accounts receivable as uncollectible, $5,600. January 38 Firework sales for the second half of the month total $151,000. Sales include $14,000 for cash and $137,000 on account. The cost of the units sold is $83,5ee. January 31 Pay cash for monthly salaries, $52,800. 3 3. Prepare an adjusted trial balance as of January 31, 2021. Part 3 of 7 Credit 10 points 1 14.550 eBook References ACME Fireworks Adjusted Trial Balance January 31, 2021 Accounts Debit Cash $ 24.900 Accounts Receivable 196,000 Allowance for Uncollectible Accounts Inventory 14,500 Land 54,000 Equipment 19,000 Accumulated Depreciation Accounts Payable Notes Payable Common Stock Retained Earnings Sales Revenue Cost of Goods Sold 161,300 Salaries Expense 52,800 Depreciation Expense 600 Bad Debt Expense 15,150 Interest Payable Interest Expense 290 Deferred Revenue Income Tax Payable Income Tax Expense 13.800 Totals $ 552,340 $ 2.900 86,300 58.000 43,000 29,900 297,800 290 5,800 13,800 552.340 M Graw pints 4. Prepare a multiple-step income statement for the period ended January 31, 2021. eBook 294.000 References ACME FIREWORKS Income Statement For the year ended January 31, 2021 Sales Revenue $ Cost of Goods Sold 161,300 Gross Profit $ Bad Debt Expense $ Salaries Expense Cost of Goods Sold 132.700 600 52,800 Total operating expenses 53.400 79,300 (290) 79,01 Interest Expense $ 79,010 Jarruary L0 Wie 5 OLLS ELEVURE as ULULLLLLLE ... January 30 Firework sales for the second half of the month total $151,998. Sales include $14,990 for cash and $137,600 on account. The cost of the units sold is $83,500. January 31 Pay cash for monthly salaries, $52,800. Part 5 of 7 5. Prepare a classified balance sheet as of January 31, 2021. (Enter the Asset Accounts in order of liquidity. Amounts to be deduct- should be indicated with a minus sign.) 10 points Assets eBook ACME FIREWORKS Classified Balance Sheet January 31, 2021 Liabilities $ 24.900 Accounts Payable $ 196.000 Deferred Revenue 14,550 210,550 Accumulated Depreciation 14.500 Cash $ 86,300 58.000 2.300 Accounts Receivable Less Allowance for Uncollectible Accounts Inventory un References Total Current Assets 146,600 249,950 Total Current Liabilities Notes Payable Total Liabilities Stockholders' Equity 58.000 204.600 43.000 Equipment Land Accumulated Depreciation Common Stock 430,000 (Retained Earnings 16,100 109.200 Total Stockholders' Equity Total Liabilities and Stockholders' Equity 152.200 $ 356,800 Total Assets $ 696,050 6 January 31 Pay cash for monthly salaries, $52,800. 6. Record closing entries. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Part 6 of 7 View transaction list View journal entry worksheet 10 points No Date General Journal Debit Credit 1 January 31, 2021 Sales Revenue 294.000 294,000 eBook 53,090 2 52,800 January 31, 2021 Sales Revenue Salaries Expense Interest Expense References 290