On January 1, 2018, the general ledger of Grand Finale 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
Additional Paid-in Capital					100,000
Retained Earnings					39,100
Totals	$	186,700		$	186,700

During January 2018, 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 $0.20 per share to all shares outstanding on January 29. The dividend is payable on February 15.
	(Hint: Grand Finale Fireworks had 20,000 shares outstanding on January 1, 2018 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, 2018.

1. Unpaid utilities for the month of January are $8,200.
2. Supplies at the end of January total $7,100.
3. 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.
4. Accrued income taxes at the end of January are $3,100.

Enter your Return on Equity value to one decimal place and earnings per share value to 2 decimal places.

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 2.50%, is the company more or less profitable than other companies in the same industry?
The return on equity is:		%
Is the company more or less profitable than other companies?	More
(b) How many shares of common stock are outstanding as of January 31, 2018?
The number of common shares outstanding as of January 31, 2018 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 $2.40 last year (i.e., an average of $0.20 per month), is earnings per share for January 2018 better or worse than last years average?
Earnings per share is:
Is earnings per share for January 2018 better or worse than last years average?	better

Only do the analysis part and balance sheet part.

Adjust Trial Balance:

Grand Finale Fireworks
Trial Balance
January 31, 2018
Account Title	Debit	Credit
Cash	93,800
Accounts receivable	50,300
Supplies	7,100
Equipment	84,000
Accumulated depreciation		13,000
Accounts payable		5,000
Utilities payable		8,200
Income tax payable		3,100
Dividends payable		4,240
Common stock		22,300
Treasury stock	5,700
Additional paid-in capital		145,300
Retained earnings		39,100
Dividends	4,240
Service revenue		71,500
Depreciation expense	2,000
Supplies expense	9,300
Salaries expense	44,000
Utilities expense	8,200
Income tax expense	3,100
Total	311,740	311,740