On January 1, 2024, the general ledger of Big Blast Fireworks includes the following account balances: The $36,000 beginning balance of inventory consists of 360 units, each costing $100. During January 2024, Big Blast Fireworks had the following inventory transactions: January 3 Purchase 1,500 units for $156,000 on account (\$104 each). January 8 purchase 1,600 units for $174,400 on account (\$109 each). January 12 Purchase 1,700 units for $193,800 on account (\$114 each). January 15 Return 130 of the units purchased on January 12 because of defects. January 19 Sell 4,900 units on account for $735,000. The cost of the units sold is determined using a FIFo perpetual inventory system. January 22 Receive $769,000 from custoners on accounts receivable. January 24 Pay $500,000 to inventory suppliers on accounts payable. January 27 Write off accounts receivable as uncollectible, $3,100. January 31 Pay cash for salaries during January, $120,000. The following information is available on January 31,2024. a. At the end of January, the company estimates that the remaining units of inventory purchased on January 12 are expected to sell in February for only $100 each. [Hint: Determine the number of units remaining from January 12 after subtracting the units returned on January 15 and the units assumed sold (FIFO) on January 19.] b. The company records an adjusting entry for $3.070 for estimated future uncollectible accounts. c. The company accrues interest on notes payable for January. Interest is expected to be paid each December 31. d. The company accrues income taxes at the end of January of $12,900. Journal entry worksheet Record the entry to close the revenue accounts. Note: Enter debits before credits