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

Accounts Debit Credit

Cash $$43,400$

Accounts Receivable $45,900$

Supplies $8,200$

Equipment $71,000$

Accumulated Depreciation $$9,700$

Accounts Payable $15,300$

Common Stock, $$1$ par value $17,000$

Additional Paid$-$in Capital $87,000$

Retained Earnings $39,500$

Totals $$168,500$ $$168,500$

During January $2024,$ the following transactions occur:

January $2$ Issue an additional $2,100$ shares of $$1$ par value common stock for $$42,000.$

January $9$ Provide services to customers on account, $$16,700.$

January $10$ Purchase additional supplies on account, $$5,600.$

January $12$ Purchase $1,000$ shares of treasury stock for $$20$ per share.

January $15$ Pay cash on accounts payable, $$17,200.$

January $21$ Provide services to customers for cash, $$49,800.$

January $22$ Receive cash on accounts receivable, $$17,300.$

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: Grand Finale Fireworks had $17,000$ shares outstanding on January $1,2024,$ and dividends are not paid on treasury stock.$)$

January $30$ Resell $800$ shares of treasury stock for $$22$ per share.

January $31$ Pay cash for salaries during January, $$42,700.$

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

Unpaid utilities for the month of January are $$6,900.$

Supplies at the end of January total $$5,800.$

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 $$10,700.$

$1.$

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.

$2.$

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

$3.$

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

$4.$

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

$5.$

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

$6.$

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

$7.$

Using the information from the requirements above, complete the 'Analysis' tab.Accrued income taxes at the end of January are $$2,700.$