On January 1, 2024, the general ledger of ACME Fireworks includes the following account balances: Accounts Cash Debit $27,100 Credit Accounts Receivable Allowance for Uncollectible Accounts 50,200 $6.200 Inventory 22,000 Land Equipes 66,000 25,000 Accumulated Depreciation 3,500 Accounts Payable 30,500 Notes Payable (6%, due April 1, 2025) 70,000 Common Stock 55,000 Retained Earnings 25,100 Totale 5190,300 $190,300 During January 2024, the following transactions occur: January 2 Bold gift cards totaling $12,000. The cards are redeemable for merchandise vithin one year of the purchase date. January Purchase additional inventory on account, $167,000. ACHE uses the perpetual inventory system. January 15 Firework ssles for the first half of the month total $155,000. All of these sales are on account. The cost of the units sold is 383,800. January 23 Receive $127,400 tron customers on accounts receivable. January 25 Pay $110,000 to inventory suppliers on accounts payable. January 20 Write off accounts receivable as uncollectible, $6,800. January 30 Firework sales for the second half of the month total $163,000. Sales include $17,000 for cash and $146,000 on account. The cost of the units sold in $89,500. January 31 Pay cash for monthly salaries, 554,000, 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 $5,200 and a two-year service life. b. The company records an adjusting entry for $17340 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 $15,000. e. By the end of January, $5.000 of the gift cards sold on January 2 have been redeemed (ignore cost of goods sold)