Required information Exercise 10-20 (Algo) Complete the accounting cycle using stockholders' equity transactions (LO10-2, 10- 4, 10-5, 10-8) [The following information applies to the questions displayed below.] On January 1, 2024, the general ledger of Grand Finale Fireworks includes the following account balances: Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Common Stock, $1 par value Additional Paid-in Capital Retained Earnings Totals Debit $ 43,100 Credit 45,300 7,908 68,000 $9,400 15,000 14,000 84,000 41,900 $164,300 $164,300 During January 2024, the following transactions occur: January 2 Issue an additional 2,100 shares of $1 par value common stock for 42,000. January 9 Provide services to customers on account, $15,300. January 10 Purchase additional supplies on account, $5,300. January 12 Purchase 1,100 shares of treasury stock for $19 per share. January 15 Pay cash on accounts payable, $16,900. January 21 Provide services to customers for cash, $49,500. January 22 Receive cash on accounts receivable, $17,000. January 29 Declare a cash dividend of $0.20 per share to all shares outstanding on January 29. The dividend is payable on February 15. (Hint: Grand Finale Fireworks had 14,000 shares outstanding on January 1, 2024, and dividends are not paid on treasury stock.) January 30 Resell 700 shares of treasury stock for $21 per share. January 31 Pay cash for salaries during January, $42,400. Exercise 10-20 (Algo) Part 5 5. Prepare a classified balance sheet as of January 31, 2024. (Amounts to be deducted should be indicated by a minus sign.) GRAND FINALE FIREWORKS Classified Balance Sheet Total Current Assets Total Assets Assets January 31, 2024 0 Liabilities Total Current Liabilities 0 Stockholders' Equity Total Stockholders' Equity 0 $ 0 Total Liabilities and Stockholders' Equity $ 0