On January 1, 2024, the general ledger of Big Blast Fireworks includes the following account balances: Accounts Debit Credit Cash $25,300 Accounts Receivable 45,000 Allowance for Uncollectible Accounts $3,700 Inventory 47,000 Land 87,100 Accounts Payable 26,700 Notes Payable (12%, due in 3 years) 47,000 Common Stock 73,000 Retained Earnings 54,000 Totals $204,400 $204,400 The $47,000 beginning balance of inventory consists of 470 units, each costing $100. During January 2024, Big Blast Fireworks had the following inventory transactions: January 3 Purchase 1,550 units for $170,500 on account ($110 each). January 8 Purchase 1,650 units for $189,750 on account ($115 each). January 12 Purchase 1,750 units for $210,000 on account ($12