Required information Exerclse 9-24 (Algo) Complete the accounting cycle using long-term llabillty trensectlons (LO9-2, 9-8) [The following information applies to the questions displayed below.] On January 1, 2024, the general ledger of Freedom Flreworks Includes the followng account balances: Durling January 2024, the following transactions occur. January 1 Borrow $109,009 from Captive Credit Corporation. The installment note bears interest at 68 annual1y and natures in 5 years. Payments of $2,107 are required at the end of each nonth for 68 nonths. January 4 Receive $31,900 from customers on accounts receivable. January 16 Pay cash on accounts payable, $20,680. January 15 Pay cash for salaries, $29,800. January 30 Firework sales for the month total $200,400. The cost of the units sold is $117,680. January 31 Pay the first monthly installent of $2,107 related to the $109, 80e borrowed on January 1. Exerclse 9-24 (Algo) Part 5 5. Prepare a classlfied balance sheet as of January 31, 2024. (Amounts to be deducted should be indicated with a minus sign. Do hot round intermediate calculations.)