Required information Exercise 8-19 (Algo) Complete the accounting cycle (LO8-1, 8-2, 8-4, 8-6) [The following information applies to the questions displayed below.] On January 1, 2024, the general ledger of ACME Fireworks includes the following account balances: During January 2024, the following transactions occur: January 2 Sold gift cards totaling $9,800. The cards are redeemable for merchandise within one year of the purchase date. January 6 Purchase additional inventory on account, $156,000. ACME uses the perpetual inventory 5ysten. January 15 firework sales for the flrst half of the month total $144,009. All of these sales are on account. The cost of the units sold is $78,300. January 23 Receive $126,360 from customers on accounts receivable. January 25 Pay $99,000 to Inventory suppliers on accounts payable. January 28 Write off accounts recelvable as uncollectible, $5,700. January 39 Firework sales for the second half of the month total $152,000. Sales include $12,000 for cash and $140, coe on account. The cost of the units sold is $84,000. January 31 Pay cash for monthly salaries, $52,900. Exercise 8-19 (Algo) Part 4 4. Prepare a multiple-step income statement for the period ended January 3t, 2024