On January $1,2024,$ the general ledger of Grand Finale Fireworks Includes the following account balances:

During January $2024,$ the following transactions occur:

The following Information Is avallable on January $31,2024.$

a$.$ Unpald utilitles for the month of January are $$7,000.$

b$.$ Supplies at the end of January total $$5,900.$

c$.$ Depreclation on the equipment for the month of January is calculated using the straight$-$IIne method. At the time the equipment was

purchased, the company estimated a service life of three years and a residual value of $$10,800.$

d$.$ Accrued Income taxes at the end of January are $$2,800.$

Record each of the transactions listed above in the 'General Journal' tab $($these are shown as items $1$ to $10).$ Review the

'General Ledger' and the 'Trial Balance' tabs to see the effect of the transactions on the account balances.

Record adjusting entries on January $31.$ in the 'General Journal' tab $($these are shown as items $11$ to $14).$

Review the adjusted 'Trial Balance' as of January $31,2024,$ in the 'Trial Balance' tab.

Prepare a multiple$-$step income statement for the period ended January $31,2024,$ in the 'Income Statement' tab.

Prepare a classified balance sheet as of January $31,2024,$ in the 'Balance Sheet' tab.

Record the closing entries in the 'General Journal' tab $($these are shown as items $15$ to $17).$

Using the information from the requirements above, complete the 'Analysis' tab. Analyze the following for Grand Finale Fireworks:

$($a$)$ Calculate the return on equity for the month of January. If the average return on equity for the industry for January is $2\mathrm{.}50\%,$ is the company

more or less profitable than other companies in the same industry?

$\backslash$table$[[$The return on equity is:$,$Is the company more or less profitable than other companies?$]]$

$($b$)$ How many shares of common stock are outstanding as of January $31,2024?$

The number of common shares outstanding as of January $31,2024$ is

$($c$)$ Calculate earnings per share for the month of January. $($Hint: To calculate average shares of common stock outstanding take the beginning

shares outstanding plus the ending shares outstanding and divide the total by $2.)$ If earnings per share was $$2\mathrm{.}40$ last year $($i$.$e$.,$ an average of

$$0\mathrm{.}20$ per month$),$ is earnings per share for January $2024$ better or worse than last year's average?

Earnings per share is:

Is earnings per share for January $2024$ better or worse than last year's average?