On January 1, 2024, the general ledger of ACME Fireworks includes the following account balances: Accounts Cash Debit Credit $26,400 Accounts Receivable 48,800 Land Allowance for Uncollectible Accounts Inventory Equipment Accumulated Depreciation Accounts Payable $5,500 21,300 59,000 21,500 2,800 29,800 Notes Payable (6%, due April 1, 2025) 63,000 Common Stock 48,000 Retained Earnings 27,900 Totals $177,000 $177,000 During January 2024, the following transactions occur: January 2 Sold gift cards totaling $10,600. The cards are redeemable for merchandise within one year of the purchase date. January 6 Purchase additional inventory on account, $160,000. ACME uses the perpetual inventory system. January 15 Firework sales for the first half of the month total $148,000. All of these sales are on account. The cost of the units sold is $80,300. January 23 Receive $126,700 from customers on accounts receivable. January 25 Pay $103,000 to inventory suppliers on accounts payable. January 28 Write off accounts receivable as uncollectible, $6,100. January 30 Firework sales for the second half of the month total $156,000. Sales include $15,000 for cash and $141,000 on account. The cost of the units sold is $86,000. January 31 Pay cash for monthly salaries, $53,300. The following information is available on January 31. a. Depreciation on the equipment for the month of January is calculated using the straight-line method. At the time the equipment was purchased, the company estimated a residual value of $4,700 and a two-year service life. b. The company records an adjusting entry for $16,850 for estimated future uncollectible accounts. c. The company has accrued interest on notes payable for January. d. The company has accrued income taxes at the end of January of $14,300. e. By the end of January, $4,300 of the gift cards sold on January 2 have been redeemed (ignore cost of goods sold).