On January 1, 2021, the generel ledger of Grand Finale Fireworks includes the following account balances: Accounts Cash Accounts Receivable Supplies Equiperont Accumulated Depreciation Accounts Payable Common Stock, 51 par value Additional Paid in Capital Retained Earnings Totals Debit Credit $ 44,500 48,180 9.30 82.000 $ 10,800 16,480 18.88e 98. eee 40,780 $183,900 $183,920 During January 2021, the following transactions occur: January 2 Issue an additional 2,800 shares of $1 par value common stock for $48,03e. January 9 Provide services to customers on account. $19,588. January 18 Purchase additional supplies on account, $6,728. January 12 Purchase 1,280 shares of treasury stock for $21 per share. January 15 Pay cash on accounts payable, $13,392. January 21 Provide services to customers for cash, $58,928. January 22 Receive cash on accounts receivable, $18,488. January 29 Declare a cash dividend of $8.38 per Share to all shares outstanding on January 29. The dividend is payable on February 15. (Hint: Grand Finale Fireworks had 18,202 shares outstanding on January 1, 2021, and dividends are not paid on treasury stock. January 38 Resell 688 shares of treasury stock for $23 per share. January 21 Pay cash for salaries during January, $43,828. The following information is available on January 31, 2021 s. Unpaid utilities for the month of January are $8,000. b. Supplies at the end of January total $6,900. c. Depreciation on the equipment for the month of January is calculated using the streightline method. At the time the equipment wes purchased, the company estimeted a service life of three years and a residual value of $11,800. d. Accrued income taxes at the end of January are $2,900. Requirement General Joumal General Ledger Trial Balance Income Statement Balance Sheet Ajalysis Enter your Return on Equity value to one decimal place and earnings per share value to 2 decimal places. Analyze the following for Grand Finale Fireworks: (a) Calculate the return on equity for the month of January. If the average return an equity for the industry for January is 2.50%, is the company more or less profitable than other companies in the same industry? The return on equity is 55 Is the company more or less profitable than other comparties? b) How many shares of common stock are outstanding as of January 31, 2021? The number of common shares outstanding as of January 31, 2021 (c) Calculate earnings per share for the month of January (Hint. To calculate average shares of caruman stock outstanding take the beginning shares outstanding plus lhe ending shares outstanding and divide the total by 2.) If earnings per share was $2.40 last year i.e. an average of 50.20 per monti), is earnings per share for January 2021 belter or worse than last year's average? Earnings per share is Is earrings per share for January 2021 better or worse than last year's average ? Balance Sheet Anety