I'm not sure what I'm doing wrong but the question keeps saying it's not complete. This is the information I have so far for the problem. Please help me, thank you.

Exercise 14-37 (Static) General ledger exercise; bonds; installment note, early extinguishment (LO14-2, 14-3, 14-5) On January 1, 2021, the general ledger of Freedom Fireworks includes the following account balances: Credit Debit $101,200 34,000 152,000 67,300 120,000 Accounts Cash Accounts receivable Inventory Land Buildings Allowance for uncollectible accounts Accumulated depreciation Accounts payable Bonds payable Discount on bonds payable Common stock Retained earnings Totals $ 1,800 9,600 17,700 120,000 30,000 200,000 155,400 $504,500 $504,500 During January 2021, the following transactions occurred: January 1 Borrowed $100,000 from Captive Credit Corporation. The installment note bears interest at 7% annually and matures in 5 years. Payments of $1,980 are required at the end of each month for 60 months. January 1 Called the bonds at the contractual call price of $100,000. The 6% bonds pay interest semiannually each June 30 and December 31. January 4 Received $31,000 from customers on accounts receivable. January 10 Paid cash on accounts payable, $11,000. January 15 Paid cash for salaries, $28,900. January 30 Firework sales for the month totalled $195,000. Sales included $65,000 for cash and $130,000 on account. The cost of the units sold was $112,500. January 31 Paid the first monthly installment of $1,980 related to the $100,000 borrowed on January 1. (Round your interest calculation to the nearest dollar.) The following information is available on January 31, 2021. During January 2021, the following transactions occurred: January 1 Borrowed $100,000 from Captive Credit Corporation. The installment note bears interest at 7% annually and matures in 5 years. Payments of $1,980 are required at the end of each month for 60 months. January 1 Called the bonds at the contractual call price of $100,000. The 6% bonds pay interest semiannually each June 30 and December 31. January 4 Received $31,000 from customers on accounts receivable. January 10 Paid cash on accounts payable, $11,000. January 15 Paid cash for salaries, $28,900. January 30 Firework sales for the month totalled $195,000. Sales included $65,000 for cash and $130,000 on account. The cost of the units sold was $112,500. January 31 Paid the first monthly installment of $1,980 related to the $100,000 borrowed on January 1. (Round your interest calculation to the nearest dollar.) The following information is available on January 31, 2021. 1. 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 ten years and a residual value of $24,000. 2. At the end of January, $3,000 of accounts receivable are past due, and the company estimates that 50% of these accounts will not be collected. Of the remaining accounts receivable, the company estimates that 2% will not be collected. No accounts were written off as uncollectible in January. 3. Unpaid salaries at the end of January are $26,100. 4. Accrued income taxes at the end of January are $5,000. No Date Account Title Debit Credit 1 Jan 01 100,000 Cash Notes payable 100,000 2 Jan 01 120,000 10,000 Bonds payable Loss on early extinguishment Cash Discount on bonds payable 100,000 30,000 3 Jan 04 Cash 31,000 > Accounts receivable 31,000 4 Jan 10 11,000 > Accounts payable Cash 11,000 5 Jan 15 Salaries expense 28,900 Cash 28,900 6 Jan 30 Cash 65,000 Accounts receivable 130,000 Sales revenue 195,000 7 Jan 30 112,500 Cost of goods sold Inventory 112,500 7 Jan 30 112,500 Cost of goods sold Inventory 112,500 8 Jan 31 Notes payable 1,397 Interest expense 583 Cash 1,980 9 Jan 31 800 Depreciation expense Accumulated depreciation 800 10 Jan 31 Bad debt expense 2,300 Allowance for uncollectible accounts 2,300 11 Jan 31 Salaries expense 26,100 Salaries payable 26,100 12 Jan 31 5,000 Income tax expense Income tax payable 5,000 13 Jan 31 Sales revenue 195,000 Retained earnings 195,000 14 Jan 31 186,183 Retained earnings Salaries expense 55,000 Interest expense 583 Depreciation expense 800 Bad debt expense 2,300 10,000 Loss on early extinguishment Income tax expense 5,000 Cost of goods sold 112,500 Freedom Fireworks Multiple-Step Income Statement For the Month Ended January 31, 2021 $ Sales revenue 0 Gross profit $ 0 Salaries expense 0 Depreciation expense CICCIO Bad debt expense 0 Loss on early extinguishment 0 0 0 0 Total operating expenses Operating income 0 0 Income before taxes 0 Income tax expense >>> 0 Net income 0 Freedom Fireworks Classified Balance Sheet January 31, 2021 Assets Liabilities Current assets: Current liabilities: Cash Accounts receivable 155,320 133,000 (4,100) 39,500 Accounts payable Salaries payable Income tax payable 6,700 26,100 5,000 Allowance for uncollectible accounts Inventory 0 37,800 Total current liabilities Long-term liabilities Notes payable 98,603 0 Total current assets 323,720 Total liabilities 136,403 Non-current assets: Stockholders' equity Land 67,300 120,000 (10,400) Common stock Retained earnings 200,000 164,217 Buildings Accumulated depreciation Total stockholders' equity Total liabilities & stockholders' equity 364,217 500,620 Total assets $ 500,620 $ Analyze the following for Freedom Fireworks: (a) Calculate the debt to equity ratio. If the average debt to equity ratio for the industry is 1.0, is Freedom Fireworks more or less leveraged than other companies in the same industry? The debt to equity ratio is: Is the company more or less leveraged than other companies? Less (b) Calculate the times interest earned ratio. If the average times interest earned ratio for the industry is 20 times, is the company more or less able to meet interest payments than other companies in the same industry? The times interest earned ratio is: Is the company more or less able to meet interest payments than other companies? Less Based on the debt to equity ratio and the times interest earned ratio, ratio, Freedom Fireworks would more likely receive a higher or lower interest rate than the average borrowing rate in the industry? lower