Please finish the analysis part and review the rest.

On January 1, 2024, the general ledger of TNT Fireworks Includes the following account balances: During January 2024, the following transactions occur: January 1 Purchase equipment for $20,200. The company estimates a residual value of $2,200 and a six-year service life. January 4 Pay cash on accounts payable, $10,200. January 8 Purchase additional inventory on account, $89,900. January 15 Receive cash on accounts receivable, $22,700. January 19 Pay cash for salaries, $30,500. January 28 Pay cash for January utilities, $17,200. January 30 Firework sales for January total $227,000. All of these sales are on account. The cost of the units sold is $118,500. January 1 Purchase equipment for $20,200. The company estimates a residual value of $2,200 and a six-year service life. January 4 Pay cash on accounts payable, $10,200. January 8 Purchase additional inventory on account, $89,900. January 15 Receive cash on accounts receivable, $22,700. January 19 Pay cash for salaries, $30,500. January 28 Pay cash for January utilities, $17,200. January 30 Firework sales for January total $227,000. All of these sales are on account. The cost of the units sold is $118,500. The following information is avallable on January 31,2024. a. Depreclation on the equipment for the month of January is calculated using the straight-line method. b. The company records an adjusting entry for $3,490 for estimated future uncollectible accounts. c. The company has accrued Interest on notes recelvable for January. d. Unpald salarles owed to employees at the end of January are $33,300. e. The company accrued Income taxes at the end of January $9,700. 1. Record each of the transactions listed above in the 'General Journal' tab (these are shown as items 1 to 8 ) assuming a FIFO perpetual inventory system. The transaction on January 30 requires two entries: one to record sales revenue and one to record cost of goods sold. 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 9 to 13). 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 14 and 15). 7. Using the information from the requirements above, complete the 'Analysis' tab. \begin{tabular}{|l|l|l|r|r|} \hline 15 & January 31 & Retained Earnings & 212,940 & \\ \hline & & Cost of Goods Sold & & 118,500 \\ \hline & Salaries Expense & & 63,800 \\ \hline & Utilities Expense & & 17,200 \\ \hline & Depreciation Expense & & 250 \\ \hline & Bad Debt Expense & & 3,490 \\ \hline & & Income Tax Expense & & 9,700 \\ \hline \end{tabular} AAccountsReceivable & & 230,700 & \\ \hline DAllowanceforUncollectibleAccounts & & & 6,390 \\ \hline ENotesReceivable & & 20,400 & \\ \hline Interest Receivable & & 85 & \\ \hline QInventory & & 8,400 & \\ \hline Q & & 162,000 & \\ \hline Equipment & & 20,200 & \\ \hline Accumulated Depreciation & & & 250 \\ \hline Accounts Payable & & & 95,200 \\ \hline Salaries Payable & & & 33,300 \\ \hline Income Tax Payable & & & 9,700 \\ \hline CommonStock & & & 227,000 \\ \hline ERetainedEarnings & & & 73,945 \\ \hline Total & S & 445,785 & 445,785 \\ \hline \end{tabular} TNT FIREWORKS Multiple-Step Income Statement For the Year Ended January 31, 2024 \begin{tabular}{|c|c|c|c|c|} \hline Sales Revenue & & 0 & & \\ \hline Cost of Goods Sold & 2 & 0 & & \\ \hline Gross Profit & & & $ & 0 \\ \hline Salaries Expense & 2 & 0 & & \\ \hline Utilities Expense & 2 & 0 & & \\ \hline Depreciation Expense & 2 & 0 & & \\ \hline Bad Debt Expense & & 0 & & \\ \hline Total Operating Expenses & & & & 0 \\ \hline Operating Income & & & & 0 \\ \hline Interest Revenue & 2 & & & 0 \\ \hline Income Before Taxes & 2 & & & 0 \\ \hline Net Income & & & $ & 0 \\ \hline \end{tabular} Analyze how well TNT Fireworks manages its assets: (a) Calculate the return on assets ratio for the month of January. If the average return on assets for the industry in January is 2%, is the company more or less profitable than other companies in the same industry? The return on assets ratio is: The company is more profitable. (True or False) \begin{tabular}{|l|l|} \hline True & % \\ \hline \end{tabular} (b) Calculate the profit margin for the month of January. If the industry average profit margin is 3%, is the company more or less efficient at converting sales to profit than other companies in the same industry? \begin{tabular}{|l|l|l|} \hline The profit margin is: & % \\ \hline The company is more efficient at converting sales to profit. (True or False) & True & % \\ \hline \end{tabular} (c) Calculate the asset turnover ratio for the month of January. If the industry average asset turnover is 0.5 times per month, is the company more or less efficient at producing revenues with its assets than other companies in the same industry? The asset turnover ratio is: The company is more efficient at producing revenues with its assets. (True or False) \begin{tabular}{|l|l|l} & times \\ \hline True & & \end{tabular}