On January 1, 2018, the general ledger of Freedom Fireworks includes the following account balances: Accounts Cash Debit $102,400 Credit Accounts Receivable Inventory Land 36,400 153,200 79,300) Buildings 132,000 Allowance for Uncollectible Accounts $ 3,000 Accumulated Depreciation 10,800 Accounts Payable 30,900 Bonds Payable 132,000 Discount on Bonds Payable 31,200 Common Stock 212,000 Retained Earnings Totals 145,800 $534,500 $534,500 During January 2018, the following transactions occur: January January 1 Borrow $112,000 from Captive Credit Corporation. The installment note bears interest at 6 annually and matures in 5 years. Payments of $2,100 are required at the end of each month for 60 months. 1 Called the bonds at the contractual call price of $112,000. The 5 bonds pay interest semiannually each June 30 and December 31. January 4 Receive $32,200 from customers on accounts receivable. January 10 Pay cash on accounts payable, $23,000. January 15 Pay cash for salaries, $30, 100. January 30 Firework sales for the month total $201,000. Sales include $66,200 for cash and $134,800 on account. The cost of the units sold is $118,500. January 31 Pay the first monthly installment of $2,100 related to the $112,000 borrowed on January 1. Round your interest calculation to the nearest dollar. The following information is available on January 31, 2018. a. 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 10 years and a residual value of $25,200. b. At the end of January, $4,200 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 3% will not be collected. No accounts were written off as uncollectible in January. c. Unpaid salaries at the end of January are $27,300. d. Accrued income taxes at the end of January are $6,200. Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet Analysis