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

Accounts	Debit	Credit
Cash	$ 59,000
Accounts Receivable	25,600
Allowance for Uncollectible Accounts		$ 2,500
Inventory	36,600
Notes Receivable (5%, due in 2 years)	15,600
Land	158,000
Accounts Payable		15,100
Common Stock		223,000
Retained Earnings		54,200
Totals	$ 294,800	$ 294,800

During January 2024, the following transactions occur:

January 1	Purchase equipment for $19,800. The company estimates a residual value of $1,800 and a six-year service life.
January 4	Pay cash on accounts payable, $9,800.
January 8	Purchase additional inventory on account, $85,900.
January 15	Receive cash on accounts receivable, $22,300.
January 19	Pay cash for salaries, $30,100.
January 28	Pay cash for January utilities, $16,800.
January 30	Firework sales for January total $223,000. All of these sales are on account. The cost of the units sold is $116,500.

The following information is available on January 31, 2024.

1. Depreciation on the equipment for the month of January is calculated using the straight-line method.
2. The company records an adjusting entry for $3,610 for estimated future uncollectible accounts.
3. The company has accrued interest on notes receivable for January.
4. Unpaid salaries owed to employees at the end of January are $32,900.
5. The company accrued income taxes at the end of January $9,300.