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On January 1, 2018, the general ledger of Redbud Company includes the following account balances Cash Accounts Receivable Inventory Land $ 23,900 41,500 40,000 6,800 Allowance for Uncollectble Accounts Accounts Payable Notes Payable (9%, due in 3 years) Common Stock Retained Eamings 5,100 27,400 40,000 68,000 43,500 Totais $182,000 182,000 The $40,000 beginning balance of inventory consists of 400 units, each costing $100. During January 2018, Redbud had the following inventory transactions: January 3 Purchase 1,900 units for $205,200 on account ($108 each) January 8 Purchase 2,000 units for $226,000 on account ($113 each) January 12 Purchase 2,100 units for $247 800 on account ($118 each) January 15 Return 150 of the unts purchased on January 12 because of defects January 19 Sell 6,100 units on account for $915,000. The cost of the units sold is determined using a FIFO perpetual irventory syste January 22 Receive $885,000 from customers on accounts receivable January 24 Pay $650,000 to inventory suppliers on accounts payable January 27 Write off accounts receivable as uncollectible, $3,500 January 31 Pay cash for salaries during January, $124,000 The following information is available on January 31, 2018. a. At the end of January, the company estimates that the remaining units of inventory are expected to sell in February for only $100 each b. The company estimates futuro uncollectible accounts. The company determines S5.000 of oco unts receivable on January 31 are past due, and 35% of teso acounts are os rmated to be uncollectible The re inng accounts receivable on January 31 are not past due, and 3% of these ac our ts are estimated o be uncollectible recelvable balance calculated in the general ledger) Hnt use the January 31 accounts c. Accrued interest expense on notes payable for January Interest is expected to be paid each December 31 d Accrued income taxes at the end of January are $13,300