On January 1, 2021, the general ledger of Big Blast Fireworks includes the following account balances:

Accounts	Debit			Credit
Cash	$	25,700
Accounts Receivable		46,000
Allowance for Uncollectible Accounts				$	4,100
Inventory		49,000
Land		90,100
Accounts Payable					25,700
Notes Payable (6%, due in 3 years)					49,000
Common Stock					75,000
Retained Earnings					57,000
Totals	$	210,800		$	210,800

The $49,000 beginning balance of inventory consists of 490 units, each costing $100. During January 2021, Big Blast Fireworks had the following inventory transactions:

January		3		Purchase 1,750 units for $196,000 on account ($112 each).
January		8		Purchase 1,850 units for $216,450 on account ($117 each).
January		12		Purchase 1,950 units for $237,900 on account ($122 each).
January		15		Return 195 of the units purchased on January 12 because of defects.
January		19		Sell 5,700 units on account for $855,000. The cost of the units sold is determined using a FIFO perpetual inventory system.
January		22		Receive $837,000 from customers on accounts receivable.
January		24		Pay $620,000 to inventory suppliers on accounts payable.
January		27		Write off accounts receivable as uncollectible, $2,800.
January		31		Pay cash for salaries during January, $138,000.

The following information is available on January 31, 2021.

1. At the end of January, the company estimates that the remaining units of inventory are expected to sell in February for only $100 each.
2. The company estimates future uncollectible accounts. The company determines $5,900 of accounts receivable on January 31 are past due, and 35% of these accounts are estimated to be uncollectible. The remaining accounts receivable on January 31 are not past due, and 5% of these accounts are estimated to be uncollectible. (Hint: Use the January 31 accounts receivable balance calculated in the general ledger.)
3. Accrued interest expense on notes payable for January. Interest is expected to be paid each December 31.
4. Accrued income taxes at the end of January are $14,200.

		Record each of the transactions listed above in the 'General Journal' tab (these are shown as items 1 - 10) assuming a FIFO perpetual inventory system. 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 11-14).
3.		Review the adjusted 'Trial Balance' as of January 31, 2021, in the 'Trial Balance' tab.
4.		Prepare a multiple-step income statement for the period ended January 31, 2021, in the 'Income Statement' tab.
5.		Prepare a classified balance sheet as of January 31, 2021, in the 'Balance Sheet' tab.
6.		Record the closing entries in the 'General Journal' tab (these are shown as items 15 and 16).
7.		Using the information from the requirements above, complete the 'Analysis' tab.

Any help? Thanks!