On January 1.2024, the general ledger of ACME Fireworks includes the following account batances: During January 2024, the following transactions occur: date. the unite nold is 803 , 160 . January 23 kecelve $127,400 fcon euptoners on sobounts recelvable. Jahuiry 31 on account, the cont of the unity nold in $59,500. The following informationis avalable on January 31. a. Depreciation on the equipment for the month of January is calculated using the straight-line method. At the time the equipment was putchased, the company estimated a residual value of 55,200 and o two-year service life. b. The company records an adjusting entry for $17,340 for estimated future uncollectible arecoints: d. The campary has accrusdincome takes at the end of Jancory of $15,000 e. By the end of sanuary, $5,000 of the gift cards sold on January 2 hive been redeemed (lanore cost of goods sold). Post-closing \begin{tabular}{|l|l|l|} \hline \multicolumn{2}{|c|}{ ACME Fireworks } \\ \hline \multicolumn{1}{|c|}{ Income Statement } \\ \hline For the Month Ended January 31, 2024 \\ \hline & & \\ \hline Gross Profit & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline Total Operating Expenses & & \\ \hline Operating Income & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline \end{tabular} Post-closing \begin{tabular}{|c|c|c|c|} \hline \multicolumn{4}{|c|}{ ACME Fireworks } \\ \hline \multicolumn{4}{|c|}{ Classified Balance Sheot } \\ \hline \multicolumn{4}{|c|}{ January 31, 2024} \\ \hline \multicolumn{2}{|l|}{ Assets } & \multicolumn{2}{|l|}{ Liabilities } \\ \hline Current Assets: & & Current Liabilities: & \\ \hline & s & & \\ \hline & 0 & & \\ \hline & 0 & & \\ \hline & 0 & & + \\ \hline & & & \\ \hline & 0 & Total Current Liablities & 0 \\ \hline & 0 & Long-term Llabilities: & \\ \hline & 0 & & \\ \hline & 0 & * & \\ \hline & 0 & 3 & \\ \hline Total Current Assets & 0 & Total Liabilities & 0 \\ \hline Property. Plant and Equipment: & & Stockholders' E & \\ \hline & & & 0 \\ \hline & & + & 0 \\ \hline & & & \\ \hline & & Total Stockholders' Equity & 0 \\ \hline Total Assots & s & Total Liabilities \& Stockholders' Equily & $ \\ \hline \end{tabular} Income statement Analysis Using the information from the requirements above, complete the 'Analysis' tab. (Calculate the ratios to the nearest 2 places.) On January 1.2024, the general ledger of ACME Fireworks includes the following account batances: During January 2024, the following transactions occur: date. the unite nold is 803 , 160 . January 23 kecelve $127,400 fcon euptoners on sobounts recelvable. Jahuiry 31 on account, the cont of the unity nold in $59,500. The following informationis avalable on January 31. a. Depreciation on the equipment for the month of January is calculated using the straight-line method. At the time the equipment was putchased, the company estimated a residual value of 55,200 and o two-year service life. b. The company records an adjusting entry for $17,340 for estimated future uncollectible arecoints: d. The campary has accrusdincome takes at the end of Jancory of $15,000 e. By the end of sanuary, $5,000 of the gift cards sold on January 2 hive been redeemed (lanore cost of goods sold). Post-closing \begin{tabular}{|l|l|l|} \hline \multicolumn{2}{|c|}{ ACME Fireworks } \\ \hline \multicolumn{1}{|c|}{ Income Statement } \\ \hline For the Month Ended January 31, 2024 \\ \hline & & \\ \hline Gross Profit & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline Total Operating Expenses & & \\ \hline Operating Income & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline \end{tabular} Post-closing \begin{tabular}{|c|c|c|c|} \hline \multicolumn{4}{|c|}{ ACME Fireworks } \\ \hline \multicolumn{4}{|c|}{ Classified Balance Sheot } \\ \hline \multicolumn{4}{|c|}{ January 31, 2024} \\ \hline \multicolumn{2}{|l|}{ Assets } & \multicolumn{2}{|l|}{ Liabilities } \\ \hline Current Assets: & & Current Liabilities: & \\ \hline & s & & \\ \hline & 0 & & \\ \hline & 0 & & \\ \hline & 0 & & + \\ \hline & & & \\ \hline & 0 & Total Current Liablities & 0 \\ \hline & 0 & Long-term Llabilities: & \\ \hline & 0 & & \\ \hline & 0 & * & \\ \hline & 0 & 3 & \\ \hline Total Current Assets & 0 & Total Liabilities & 0 \\ \hline Property. Plant and Equipment: & & Stockholders' E & \\ \hline & & & 0 \\ \hline & & + & 0 \\ \hline & & & \\ \hline & & Total Stockholders' Equity & 0 \\ \hline Total Assots & s & Total Liabilities \& Stockholders' Equily & $ \\ \hline \end{tabular} Income statement Analysis Using the information from the requirements above, complete the 'Analysis' tab. (Calculate the ratios to the nearest 2 places.)
