On January 1, 2024, the general ledger of Freedom Fireworks includes the following account balances: During January 2024, the following transactions occur: January 2 Issue an additional 2,000 shares of $1 par value common stock for $40,000. January 9 Provide services to customers on account, $17,900. January 10 Purchase additional supplies on account, $6,200. January 12 Repurchase 1,000 shares of treasury stock for $20 per share. January 15 Pay cash on accounts payable, $17,800. January 21 Provide services to customers for cash, $50,400. January 22 Receive cash on accounts receivable, $17,900. January 29 Declare a cash dividend of $0.20 per share to all shares outstanding on January 29 . The dividend is payable on February 15. (Hint: Freedom Fireworks had 13,000 shares outstanding on January 1, 2024, and dividends are not paid on treasury stock.) January 30 Reissue 600 shares of treasury stock for $22 per share. January 31 Pay cash for salaries during January, $43,300. The following information is available on January 31, 2024. 1. Unpaid utilities for the month of January are $7,500. 2. Supplies at the end of January total $6,400. 3. 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 service life of three years and a residual value of $11,300. 4. Accrued income taxes at the end of January are $2,400. \begin{tabular}{|c|c|c|c|c|} \hline Adjusted & & & & \\ \hline & & works & & \\ \hline & & e Statement & & \\ \hline & For th & anuary 31,2024 & & \\ \hline Service reve & & 68,300 & & \\ \hline Total reve & & & $ & 68,300 \\ \hline Depreciation & ense & 1,825 & & \\ \hline Supplies exp & & 8,600 & & \\ \hline Salaries exp & & 43,300 & & \\ \hline Utilities expe & & 7,500 & & \\ \hline & & & & \\ \hline Total operati & xpenses & & & 61,225 \\ \hline Income b & taxes & & & 7,075 \\ \hline Income tax & nse & & * & 2,400 \\ \hline Net incom & & & $ & 4,675 \\ \hline \end{tabular} Adjusted \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Freedom Fireworks } \\ \hline \multicolumn{5}{|c|}{ Classified Balance Sheet } \\ \hline \multicolumn{5}{|c|}{ January 31, 2024} \\ \hline \multicolumn{2}{|c|}{ Assets } & \multicolumn{3}{|l|}{ Liabilities } \\ \hline Current Assets: & & Current Liabilities: & & \\ \hline Cash & $84,400 & Accounts payable & $ & 4,300 \\ \hline Accounts receivable & 47,100 & Income taxes payable & & 2,400 \\ \hline \multirow[t]{2}{*}{ Supplies } & 6,400 & Utilities payable & N & 7,500 \\ \hline & & Dividends payable & * & 2,800 \\ \hline Total Current Assets & 137,900 & Total Current Liabilities & & 17,000 \\ \hline Noncurrent Assets: & & \multicolumn{3}{|l|}{ Stockholders' Equity } \\ \hline Equipment & A 77,000 & Common stock & & 15,000 \\ \hline \multirow[t]{6}{*}{ Accumulated depreciation } & N(12,125) & Retained earnings & & 46,575 \\ \hline & & Paid-in capital-excess of par & * & 131,000 \\ \hline & & Paid-in capital-share repurchase & H & 1,200 \\ \hline & & Treasury stock & * & (8,000) \\ \hline & & & & \\ \hline & & Total Stockholders' Equity & & 185,775 \\ \hline Total Assets & $202,775 & Total Liabilities \& Stockholders' Equity & $ & 202,775 \\ \hline \end{tabular} Using the information from the requirements above, complete the 'Analysis'. Note: Round "Return on Fauitv" value to 1 decimal nlace and "Farninas ner share" value to 2 decimal nlaces