On January 1, 2024, the general ledger of Freedom Fireworks includes the following account balances: During January 2024 , the following transactions occur: January 1 Borrow $112,000 from Captive Credit corporation. The installment note bears interest at 6 i annually and matures in 5 years. Payments of $2,165 are refuired at the end of each month for 60 (is. months. January 4 Receive $32,200 from customers on accounts receivable. January 10 Pay cash on accounts payable, $23,000. January 15 pay cash for salaries, $30,100. January 30 Firework sales for the month total $201,000. The cost of the unite scld is $118,500. January 31 pay the first monthly installment of $2,165 related to the $112,000 borrowed on January 1. The following information is avallable on January 31,2024. a. Depreciation on the building for the month of January is calculated using the straight-line method, At the time the buliding was purchased, the company estimated a service life of 10 years and a residual value of $25,200. b. The company estimates additional future uncollectible accounts of $3,144. c. Unpaid salaries at the end of January are $27,300. d. Accrued income taxes at the end of January are $9,200 e. The portion of Notes Payable (long-term) due within the next 12 months is reclassified as Notes Payable (current). The amount of the reclassification is $19,901