On January $1,2024,$ the general ledger of Freedom Fireworks includes the following account balances:

Accounts Debit Credit

Cash $ $44,700$

Accounts Receivable $48,500$

Supplies $9,500$

Equipment $84,000$

Accumulated Depreciation $ $11,000$

Accounts Payable $16,600$

Common Stock, $ $1$ par value $20,000$

Paid$-$in Capital$-$Excess of Par $100,000$

Retained Earnings $39,100$

Totals $ $186,700$ $ $186,700$

During January $2024,$ the following transactions occur:

January $2$ Issue an additional $2,300$ shares of $$1$ par value common stock for $$46,000.$

January $9$ Provide services to customers on account, $$20,400.$

January $10$ Purchase additional supplies on account, $$6,900.$

January $12$ Repurchase $1,100$ shares of treasury stock for $$19$ per share.

January $15$ Pay cash on accounts payable, $$18,500.$

January $21$ Provide services to customers for cash, $$51,100.$

January $22$ Receive cash on accounts receivable, $$18,600.$

January $29$ Declare a cash dividend of $$0\mathrm{.}20$ per share to all shares outstanding on January $29.$ The dividend is payable on February $15.($Hint: Freedom Fireworks had $20,000$ shares outstanding on January $1,2024,$ and dividends are not paid on treasury stock.$)$

January $30$ Reissue $800$ shares of treasury stock for $$21$ per share.

January $31$ Pay cash for salaries during January, $$44,000.$

The following information is available on January $31,2024.$

Unpaid utilities for the month of January are $$8,200.$

Supplies at the end of January total $$7,100.$

Depreciation on the equipment for the month of January is calculated using the straight$-$line method. At the time the equipment was purchased, the company estimated a service life of three years and a residual value of $$12,000.$

Accrued income taxes at the end of January are $$3,100.$