prepare a classified balance sheet as of january 31, 2021.

THE TONUWNY HOTTILIUTI apprres w ure yues ONS UISpidytu veuw. on January 1, 2021, the general ledger of TNT Fireworks includes the following account balances Credit Debit $ 58,700 25,000 $ 2,200 Accounts Cash Accounts Receivable Allowance for Uncollectible Accounts Inventory Notes Receivable (5%, due in 2 years) Land Accounts Payable Common Stock Retained Earnings Totals 36,300 12,000 155,000 14,800 220,000 50,000 $287,000 287,000 During January 2021, the following transactions occur. January 1 Purchase equipment for $19,500. The company estimates a residu $1,500 and a five-year service life. During January 2021, the following transactions occur. January 1 Purchase equipment for $19,500. The company estimates a residual value $1,500 and a five-year service life. January 4 Pay cash on accounts payable, $9,500. January 8 Purchase additional inventory on account, $82,900. Receive cash on accounts receivable, $22,000. January 19 Pay cash for salaries, $29,800. January 28 Pay cash for January utilities, $16,500. January 30 Firework sales for January total $220,000. All of these sales are on acca The cost of the units sold is $115,000. Information for adjusting entries: a. Depreciation on the equipment for the month of January is calculated using the straight-line method. b. The company estimates future uncollectible accounts. The company determines $3,000 of accounts receivable on ary 31 are past due, and 50% of these accounts are estimated to be uncollectible. The remaining accounts receivab n January 31 are not past due, and 3% of these accounts are estimated to be uncollectible. (Hint: Use the January 31 ounts receivable balance calculated in the general ledger) c. Accrued interest revenue on notes receivable for January d. Unpaid salaries at the end of January are $32.600 e. Accrued income taxes at the end of January are $9,000