Please check if everything correct and help me with any missing answers. Thank you so much!

On January 1, 2021, the general ledger of Freedom Fireworks includes the following account balances: Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Common Stock, $1 par value Paid-in Capital-Excess of Par Retained Earnings Totals Debit Credit $ 42,700 44,500 7,500 64,000 $ 9,000 14,600 10,000 80,000 45,100 $ 158,700 $158,700 During January 2021, 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, $14,300. January 10 Purchase additional supplies on account, $4,900. January 12 Repurchase 1,000 shares of treasury stock for $18 per share. January 15 Pay cash on accounts payable, $16,500. January 21 Provide services to customers for cash, $49,100. January 22 Receive cash on accounts receivable, $16,600. January 29 Declare a cash dividend of $0.30 per share to all shares outstanding on January 29. The dividend is payable on February 15. (Hint: Freedom Fireworks had 10,000 shares outstanding on January 1, 2021, and dividends are not paid on treasury stock.) January 30 Reissue 600 shares of treasury stock for $20 per share. January 31 Pay cash for salaries during January, $42,000. The following information is available on January 31, 2021. 1. Unpaid utilities for the month of January are $6,200. 2. Supplies at the end of January total $5,100. 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 $10,000. 4. Accrued income taxes at the end of January are $2,000. Requirement Trial Balance General General Journal Ledger General Journal Income Statement Balance Sheet Analysis 1. Record each of the transactions listed above in the 'General Journal' tab (these are shown as items 1-10) assuming a FIFO perpetual inventory system. 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 11-14). 3. Review the adjusted 'Trial Balance' as of January 31, 2021, in the 'Trial Balance' tab. 4. Prepare a multiple-step income statement for the period ended January 31, 2021, in the 'Income statement' tab. 5. Prepare a classified balance sheet as of January 31, 2021, in the 'Balance Sheet' tab. 6. Record the closing entries in the 'General Journal' tab (these are shown as items 15 and 16). 7. Using the information from the requirements above, complete the 'Analysis' tab. Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet Analysis Prepare the journal entries for transactions. (If no entry is required for a particular transaction/event, select "No journal entry required" in the first account field.) View transaction list View journal entry worksheet Credit No 1 Date Jan 02 Debit 40,000 Account Title Cash Common stock Paid-in capital-excess of par 2,000 38,000 2 Jan 09 14,300 Accounts receivable Service revenue 14,300 3 Jan 10 4,900 Supplies Accounts payable 4,900 4 Jan 12 18,000 Treasury stock Cash 18,000 5 Jan 15 16,500 Accounts payable Cash 16,500 6 Jan 21 49,100 Cash Service revenue 49,100 7 Jan 22 16,600 Cash Accounts receivable 16,600 8 Jan 29 3,300 Retained earnings Dividends payable 3,300 9 Jan 30 12,000 Cash Treasury stock Paid-in capital-share repurchase 10,800 1,200 10 Jan 31 42,000 Salaries expense Cash 42,000 11 Jan 31 6,200 Utilities expense Utilities payable 6,200 12 Jan 31 7,300 Supplies expense Supplies 7,300 13 Jan 31 1,500 Depreciation expense Accumulated depreciation 1,500 14 Jan 31 2,000 Income tax expense Income taxes payable 2,000 16 Jan 31 No Transaction Recorded Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet Analysis Each journal entry is posted automatically to the general ledger. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. Adjusted General Ledger Account Cash Accounts receivable Debit Credit No. Debit Credit No. Date Dec 31 Jan 09 Jan 22 Balance 44,500 58,800 42,200 1 40,000 14,300 N 4 7 16,600 Date Jan 01 Jan 02 Jan 12 Jan 15 Jan 21 Jan 22 Jan 30 Jan 31 18,000 16,500 5 Balance 42,700 82,700 64,700 48,200 97,300 113,900 125,900 83,900 6 6 7 9 10 49,100 16,600 12,000 42,000 Supplies Equipment Debit No. Debit Credit No. Date Credit Balance 64,000 Jan 01 11 Date Dec 31 Jan 10 Jan 31 Balance 7,500 12,400 5,100 3 4,900 N60 12 7,300 Accumulated depreciation Debit Credit Accounts payable Debit Credit No. No. Date Date Dec 31 Jan 31 Balance 9,000 10,500 Balance 14,600 19,500 3,000 13 1,500 Dec 31 Jan 10 Jan 15 3 4,900 5 16,500 Utilities payable Debit Credit Income taxes payable Debit Credit No. Date No. Date Dec 31 Jan 31 Balance 0 6,200 Balance 0 2,000 11 6,200 14 Jan 31 2,000 Dividends payable Debit Credit Common stock Debit Credit No. No. Date Date Dec 31 Jan 29 Balance 0 3,300 Dec 31 Jan 02 Balance 10,000 12,000 8 3,300 1 2,000 Treasury stock Paid-in capital-excess of par Debit Credit No. Date Debit Credit No. Balance 0 18,000 7,200 Date Jan 01 Jan 02 Dec 31 Jan 12 Jan 30 1 t Balance 80,000 118,000 4 18,000 38,000 9 10,800 Retained earnings Debit Credit No. Balance No. Date Paid-in capital-share repurchase Date Debit Credit Jan 01 Jan 30 1,200 0 Dec 31 Balance 45,100 41,800 t 7 9 1,200 8 Jan 29 3,300 Service revenue Debit Credit Depreciation expense Debit Credit No. No. Date Dec 31 Jan 09 Jan 21 Balance 0 14,300 63,400 Date Dec 31 Jan 31 Balance 0 1,500 13 1,500 2 6 14,300 49,100 Supplies expense Debit Credit Salaries expense Debit Credit No. No. Date Balance Date Dec 31 Jan 31 Balance 0 7,300 0 Dec 31 Jan 31 12 7,300 10 42,000 42,000 Utilities expense Income tax expense Debit Credit No. Debit Credit No. Balance Date Dec 31 Jan 31 Balance 0 6,200 Date Dec 31 Jan 31 0 11 6,200 14 2,000 2,000 Freedom Fireworks Trial Balance January 31, 2021 Account Title Credit $ Debit 83,900 42,200 5,100 64,000 10,500 3,000 6,200 2,000 3,300 12,000 Cash Accounts receivable Supplies Equipment Accumulated depreciation Accounts payable Utilities payable Income taxes payable Dividends payable Common stock Treasury stock Paid-in capital-excess of par Paid-in capital-share repurchase Retained earnings Service revenue Depreciation expense supplies expense Salaries expense Utilities expense Income tax expense Total 7,200 118,000 1,200 41,800 63,400 1,500 7,300 42,000 6,200 2,000 261,400 $ $ 261,400 Freedom Fireworks Multiple-Step Income Statement For the Month ended January 31, 2021 63,400 Service revenue $ 63,400 Total revenue Salaries expense Utilities expense Supplies expense Depreciation expense 42,000 6,200 7,300 1,500 Total operating expenses Income before taxes 57,000 6,400 $ 6,400 Trial Balance Balance Sheet > Freedom Fireworks Classified Balance Sheet January 31, 2021 Assets Liabilities Current Assets: Cash Accounts receivable Supplies Current Liabilities: 83,900 Accounts payable 42,200 Utilities payable 5,100 Income taxes payable tt 3,000 6,200 2,000 1 11,200 Total Current Assets Noncurrent Assets: Equipment Accumulated depreciation 131,200 Total Current Liabilities Stockholders' Equity 64,000 Common stock (10,500) Paid-in capital-excess of par Paid-in capital-share repurchase Retained earnings Treasury stock ttt 12,000 118,000 1,200 48,200 (7,200) Total Stockholders' Equity Total Liabilities & Stockholders' Equity 172,200 183,400 Total Assets $ 184,700 $ Analyze the following for Grand Finale Fireworks: (a) Calculate the return on equity for the month of January. If the average return on equity for the industry for January is 2.5%, is the company more or less profitable than other companies in the same industry? The return on equity is: % Is the company more or less profitable than other companies? More (b) How many shares of common stock are outstanding as of January 31, 2021? The number of common shares outstanding as of January 31, 2021 is (c) Calculate earnings per share for the month of January. (Hint: To calculate average shares of common stock outstanding take the beginning shares outstanding plus the ending shares outstanding and divide the total by 2.) If earnings per share was $3.60 last year (i.e., an average of $0.30 per month), is earnings per share for January 2021 better or worse than last year's average? Earnings per share is: Is earnings per share for January 2021 better or worse than last year's average? better