On January 1, 2024, the general ledger of Grand Finale Fireworks includes the following account balances:

Accounts	Debit	Credit
Cash	$44,000
Accounts Receivable	47,100
Supplies	8,800
Equipment	77,000
Accumulated Depreciation		$10,300
Accounts Payable		15,900
Common Stock, $1 par value		13,000
Additional Paid-in Capital		93,000
Retained Earnings		44,700
Totals	$176,900	$176,900

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	Purchase 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: Grand Finale Fireworks had 13,000 shares outstanding on January 1, 2024, and dividends are not paid on treasury stock.)
January 30	Resell 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.

1.		Record each of the transactions listed above in the 'General Journal' tab (these are shown as items 1 to 10). Review the 'General Ledger' and the 'Trial Balance' tabs to see the effect of the transactions on the account balances.
2.		Record adjusting entries on January 31. in the 'General Journal' tab (these are shown as items 11 to 14).
3.		Review the adjusted 'Trial Balance' as of January 31, 2024, in the 'Trial Balance' tab.
4.		Prepare a multiple-step income statement for the period ended January 31, 2024, in the 'Income Statement' tab.
5.		Prepare a classified balance sheet as of January 31, 2024, in the 'Balance Sheet' tab.
6.		Record the closing entries in the 'General Journal' tab (these are shown as items 15 to 17).
7.		Using the information from the requirements above, complete the 'Analysis' tab.