On January 1, 2021, the general ledger of Freedom Fireworks includes the following account balances Debit 22.03 Accounts Cash Accounts Receivable Inventory Land Buildings Allowance for Uncollectible Accounts Accumulated Depreciation Accounts Payable Common Stock Retained Earnings Totals $ 13,000 37.600 153,800 85,300 138.000 ook $ 3.609 11.400 37.5ee 218,000 157.269 $427.760 During January 2021, the following transactions occur January 1 Borrow $118,000 from Captive Credit Corporation. The installment note bears interest at 6% annually and matures in 5 years. Payments of $2.281 are required at the end of each month for 60 months. January 4 Receive $32.800 from customers on accounts receivable. January 10 Pay cash on accounts payable $29.000, January 15 Pay cash for salaries, $30,700. January 30 Firework sales for the month total $210,600. Sales include 566,800 for cash and 5143,800 on account. The cost of the units sold is $121,500. Tanunu 2 Dans the first anothlu natalinant of an at natatad on the strann hannad on Tanum erund our interact January 30 Firework sales for the month total $210,600. Sales include 566,100 for cash and 5143,890 on account. The cost of the units sold is $121,569. January 31 Pay the first monthly installment of $2,281 related to the $118.000 borrowed on January 1. Round your interest calculation to the nearest dollar. The following information is available on January 31, 2021 21:57 a. Depreciation on the building for the month of January is calculated using the straight-line method. At the time the building was purchased, the company estimated a service life of 10 years and a residual value of $25 800. b. Unpaid salaries at the end of January are $27.900 c. Accrued income taxes at the end of January are $9,800. d. $20.967 of the long-term note payable balance will be paid over the next year e. The company estimates the amount of their bad debt expense and uncollectible accounts at the end of each month. Out of the total accounts receivable shown on the General Ledger (See General Ledger Tab for total A/R balance) on January 31, the company determines $4,800 is past due, and 50% of these past due amounts are estimated to be uncollectible (Hint multiply the percentage by the $ amount of the A/R that is past due). The remaining accounts receivable balance on January 31 is current (total A/R minus amount that is past due), and 3% of the current balance is estimated to be uncollectible, For help with e), see Discussion Board in Webcourses for Chapter 4/5 for Estimating Bad Debt Expense. This is the same question that has been on the HW in the last three chapters Requirement General Journal General Ledger Trial Balance Income Statement Choose the appropriate accounts to complete the company's balance sheet. Make sure to select 'adjusted from the dropdown, which will then populate the balances in those accounts from the adjusted trial balance Unadjusted January 31, 2021 Assets Liabilities Current Assets: Current Liabilities: Total Current Liabilities Long-term Liabilities Total Current Assets 0 Total Liabilities Noncurrent Assets Stockholders' Equity Total Stockholders' Equity 0 Total Liabilities & Stockholders' Equity S Total Assets