Please Solve the assignment by following the requirements of the first and second pages.

Thank you.

Group Work 2 First Name First Name First Name On January 1, 2018, the general ledger of ABC includes the following account balances: Accounts Last Name Last Name Last Name Student ID Student ID Student ID Debit Credit as $30,000 Accounts Receivable Allowance for Uncollectible Accounts nventory 36,500 $ 3,100 30,000 62,000 nd ccounts Payable otes Payable (8%, due in 3 years) 32,4 30,0 60,00 33.0 $150,000 Common Stock Retained Earnings Totals $153.500| The $30,000 beginning balance of inventory consists of 300 units, each costing $100. During January 2018, ABC had the following inventory transactions January 3 Purchase 1,200 units for $126,000 on account ($105 each). January 8 Purchase 1,300 units for $143,000 on account ($110 each). January 12 Purchase 1,400 units for $161,000 on account ($115 each). January 15 Return 100 of the units purchased on January 12 because of defects. January 19 Sell 4,000 units on account for $600,000. The cost of the units sold is determined using a FIFO perpetual inventory system. January 22 Receive $580,000 from customers on accounts receivable. January 24 Pay $410,000 to inventory suppliers on accounts payable. January 27 Write off accounts receivable as uncollectible, $2,500. January 31 Pay cash for salaries during January, $128,000. Required