On January 1, 2021, the general ledger of Freedom Fireworks includes the following account balances: Accounts Debit Credit Cash $ 13,100 Accounts Receivable 37,800 Inventory 153,900 Land 86,388 Buildings 139,000 Allowance for Uncollectible Accounts $ 3,700 Accumulated Depreciation 11,588 Accounts Payable 38,600 Common Stock 219,000 Retained Earnings 157,300 Totals $438,1ee $430,100 During January 2021, the following transactions occur January Borrow $119, eee from Captive Credit Corporation. The installment note bears interest at 6% annually and matures 1 in 5 years. Payments of $2,301 are required at the end of each month for 60 months. January Receive $32,900 from customers on accounts receivable. 4 January Pay cash on accounts payable, $30,000. 10 January Pay cash for salaries, $30,800. 15 January Firework sales for the month total $210,800. Sales include $66,900 for cash and $143,900 on account. The cost 30 of the units sold is $122,000. January Pay the first monthly installment of $2,301 related to the $119,000 borrowed on January 1. Round your interest 31 calculation to the nearest dollar. 5. Prepare a classified balance sheet as of January 31 , 2021 (Hint: The carrying value of notes payable on January 31, 2021 is $117.294; $21145 is reported as notes payable in the current liabilities section and $96,149 is reported as notes payable in the long-term liabilities section ($21145 + $96,149 = $117.294), (Amounts to be deducted should be indicated with a minus sign.) Freedom Fireworks Classified Balance Sheet January 31, 2021 Assets Liabilities Total Current Liabilities Total Liabilities Stockholder's Equity (5,328) Total Current Assets Total Stockholders' Equity Total Liabilities and Stockholders' Equity Total Assets