On January 1, Fred Corporation had the following account balances: Cash $250k; Accounts Receivable $150k Inventory $50k; Accounts Payable $200k; Common Stock $100k; Retained Earnings $150k (Hint: first set up your T-accounts with the beginning balances listed above, then record the entries below and, finally, total the balances of the T-accounts at the end of January). During January, Fred Corp engaged in the following transactions: A). Fred Corporation acquired equipment costing $6,000, promising to pay to the vendor cash for it during February. B). Fred Corporation purchased $3,500 of supplies for cash. C). Fred Corporation sold inventory worth $10k on credit for a sales price of $20k D). Fred Corporation received $30k from a customer in January for $15k inventory that will be delivered in February. E). Fred Corporation signed an agreement to rent additional storage space next month at a charge of $1,000 per month. F). At the end of January, Fred Corporation received a $5k utility bill for energy used during January. The utility bill will be paid in February. G). At the end of January, Fred Corporation recorded $500 of depreciation on the equipment. H). At the end of January, Fred Corporation determined that $100 of supplies were used during January. I). At the end of January, Fred Corporation recorded closing entries to close out the income statement accounts and shifting the profit to the balance sheet. Provide the balances of each account as of January 31". Also include the T-accounts showing the journal entries that you recorded on a separate sheet of paper, and label each transaction. Account 11. Cash 12. Accounts Receivable 13. Inventory 14. Supplies 15. Equipment 16. (Accumulated Depreciation) 17. Accounts Payable 18. Unearned Revenue 19. Common Stock 20. Retained Earnings (after closing entries) **For the income statement accounts listed below, provide the balances before those accounts were closed out. 21. Revenue 22. Cost of Goods Sold Expense 23. Expenses Ending Account balance at January 31"