On January 1, 2021, the general ledger of Freedom Fireworks includes the following account balances: Credit Accounta Cash Accounts Receivable Inventory Land Buildings Allowance for Uncollectible Account Accumulated Depreciation Accounts Payable Common Stock Retained Earnings Totals Dabit $ 11,400 3400 152,200 69300 122.000 S2,000 9,800 29900 202.000 135,600 $389 300 $389300 tes During January 2021, the following transactions occur January 1 Borrow $102,000 tron Captiva Credit Corporation. The installment note bears interest at 7: annu matures in 5 years. Payments of $2,020 are required at the end of each month for 60 month January 4 Receive $31,200 from customers on accounts receivable. January 10 Day cash on accounts payable, $13,000. January 15 Pay cash for salaries, $29,100. January 30 Pirework sales for the month total $195,400. Sales include $65,200 for cash and 5130,200 on acco of the units sold is $113,500. January 31 Pay the first monthly installment of $2,020 related to the $102,000 borrowed on January 1. Round interest calculation to the nearest dollar. The following information is available on January 31, 2021. a. Depreciation on the building for the month of January is calculated using the straight-line method. At the time the buildi purchased, the company estimated a service life of 10 years and a residual value of $24,200 b. The company estimates future uncollectible accounts. The company determines $3,200 of accounts receivable on Janu past due, and 50% of these accounts are estimated to be uncollectible. The remaining accounts receivable on January 3 past due, and 3% of these accounts are estimated to be uncollectible. (Hint: Use the January 31 accounts receivable bale calculated in the general ledger.) c. Unpaid salaries at the end of January are $26,300 d. Accrued income taxes at the end of January are $8,200. e $17759 of the long-term note payable balance will be paid over the next year