Please tell me what Im missing and help with the analysis.
On January 1, 2024, the general ledger of Grand Finale Fireworks includes the following account balances: During January 2024, the following transactions occur: January 2 . Issue an additional 2,000 shares of $1 par vatue comm stock for $40,000, January 9 Provide services to customers on account, $16,100. January 10 Purchase additional supplies on account, $5,500. January 12 Purchase 1,30 e shares of treasury stock for $19 per share. January 15 Pay cash on accounts payabte, $17,100. January 22 Provide services to customers for cash. $49,700. January 22 Receive cash on accounts receivable, $17,200. January 29 Declare a cash dividend of $0,40 per share to all shares outstanding on January 29 . The dividend is payable on February 15. (Hint: Grand Finale Fireworks had 16, 000 shares outstanding on January 1 , 2024, and dividends are not paid on treasury stock.) January 30 Resell 880 shares of treasury stock for $21 per share. January 31 pay cash for sataries during January, $42,600. The following information is available on January 31, 2024. a. Unpaid utilities for the month of January are $6,800. b. Supplies at the end of January total $5,700 c. 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 $10,600 d. Accrued income taxes at the end of January are $2,600. \begin{tabular}{|c|c|c|c|} \hline \multicolumn{4}{|c|}{ Grand Finale Fireworks } \\ \hline \multicolumn{4}{|c|}{ Multiple-Step Income Statement } \\ \hline \multicolumn{4}{|c|}{ For the Month Ended January 31, 2024} \\ \hline Service Revenue & 65,800 & & \\ \hline Total Revenue & & $ & 65,800 \\ \hline Depreciation Expense & 1,650 & & \\ \hline Supplies Expense & 7,900 & & \\ \hline Utilities Expense & 6,800 & & \\ \hline Salaries Expense & 42,600 & & \\ \hline Total Operating Expenses & & & 58,950 \\ \hline Income Before Taxes & & & 6,850 \\ \hline Income Tax Expense & & & 2,600 \\ \hline Net Income & & $ & 4,250 \\ \hline \end{tabular} Using the information from the requirements above, complete the 'Analysis' tab. (Enter your return on equity value to one decimal plac and earnings per share value to 2 decimal places.) Analyze the following for Grand Finale Fireworks: (a) Calculate the retum on equity for the month of January. If the average return on equity for the industry for January is 2.40%, is the company more or less profitable than other companies in the same industry? The setum on equily is: Is the company more or less profitable than other companies? (b) How many shares of common stock are outstanding as of January 31, 2024? The numbec of common chares outstanding as of January 31, 2024 is (c) Calculate earnings per share for the month of January. (Hint: To calculate average shares of common stock outstanding take the beginning (c) Calculate earnings per share for the montstanding plus the ending shares outstanding and divide the total by 2.) If earnings per share was $2.40 last year (i.e, an average of 50.20 per month), is eamings per share for January 2024 botter or worse than last year's average
