On January 1, 2021, the general ledger of Big Blast Fireworks includes the following account balances: Accounts Cash Debit $ 23,100 Credit Accounts Receivable 39,500 Allowance for Uncollectible Accounts $ 4,300 36,000 Inventory Land Accounts Payable Notes Payable (8%, due in 3 years) Common Stock Retained Earnings Totals 70,600 29,400 36,000 62,000 37,500 $169,200 $169,200 The $36,000 beginning balance of inventory consists of 360 units, each costing $100. During January 2021, Big Blast Fireworks had the following inventory transactions: January 3 Purchase 1,500 units for $156,000 on account ($104 each). January 8 Purchase 1,600 units for $174,400 on account ($109 each). January 12 Purchase 1,700 units for $193,800 on account ($114 each). January 15 Return 130 of the units purchased on January 12 because of defects. January 19 Sell 4,900 units on account for $735,000. The cost of the units sold is determined using a FIFO perpetual inventory system. January 22 Receive $709,000 from customers on accounts receivable. January 24 Pay $500,000 to inventory suppliers on accounts payable. January 27 Write off accounts receivable as uncollectible, $3,100. January 31 Pay cash for salaries during January, $120,000. The following information is available on January 31, 2021. a. At the end of January, the company estimates that the remaining units of inventory are expected to sell in February for only $100 each. b. The company estimates future uncollectible accounts. The company determines $4,600 of accounts receivable on January 31 are past due, and 30% 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.) c. Accrued interest expense on notes payable for January. Interest is expected to be paid each December 31. d. Accrued income taxes at the end of January are $12,900. a. At the end of January, the company estimates that the remaining units of inventory are expected to sell in February for only $100 each. b. The company estimates future uncollectible accounts. The company determines $4,600 of accounts receivable on January 31 are past due, and 30% 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.) c. Accrued interest expense on notes payable for January. Interest is expected to be paid each December 31. d. Accrued income taxes at the end of January are $12,900. 2. Record adjusting entries on January 31 for the above transactions. (If no entry is required for a transaction/event, select "No