On January 1, 2018, the general ledger of Grand Finale Fireworks includes the following account balances Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Common Stock, $1 par value Additional Paid-in Capital Retained Earnings Debit Credit $ 44,700 48,500 9,500 84,000 S 11,000 16,600 20,000 100,000 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.) Reissue 800 shares of treasury stock for $21 per share Pay cash for salaries during January, $44,000 January 30 January 31 The following information is available on January 31, 2018 a. Unpaid utilities for the month of January are $8,200 b. Supplies at the end of January total $7,100 c. 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 d. Accrued income taxes at the end of January are $3,100