Required information On January 1, 2021, the general ledger of Dynamite Fireworks includes the following account balances: Credit Accounts Debit $ 25,400 6,800 4,700 66,000 Cash Accounts Receivable Supplies Land $ 4,800 Accounts Payable Common Stock 81,000 17,100 Retained Earnings $102,900 $102,900 Totals During January 2021, the following transactions occur. January 2 Purchase rental space for one year in advance, $10,800 ($900/month) January9 Purchase additional supplies on account, $5,100 January 13 Provide services to customers on account, $27,100 January 17 Receive cash in advance from customers for services to be provided in the future, $5,300. January 20 Pay cash for salaries, $13,100 January 22 Receive cash on accounts receivable, $25,700. January 29 Pay cash on accounts payable, 5,600 4. Prepare an income statement for the period ended January 31, 2021 DYNAMITE FIREWORKS ncome Statement For the year ended January 31, 2021 Revenues: 27,100 Accounts Receivable Cash Expenses: $ (5,100) Supplies Expense (13,100) Salaries Expense Dividends Total Expenses (18,200) Required information On January 1, 2021, the general ledger of Dynamite Fireworks includes the following account balances: Credit Accounts Debit $ 25,400 6,800 4,700 66,000 Cash Accounts Receivable Supplies Land $ 4,800 Accounts Payable Common Stock 81,000 17,100 Retained Earnings $102,900 $102,900 Totals During January 2021, the following transactions occur. January 2 Purchase rental space for one year in advance, $10,800 ($900/month) January9 Purchase additional supplies on account, $5,100 January 13 Provide services to customers on account, $27,100 January 17 Receive cash in advance from customers for services to be provided in the future, $5,300. January 20 Pay cash for salaries, $13,100 January 22 Receive cash on accounts receivable, $25,700. January 29 Pay cash on accounts payable, 5,600 4. Prepare an income statement for the period ended January 31, 2021 DYNAMITE FIREWORKS ncome Statement For the year ended January 31, 2021 Revenues: 27,100 Accounts Receivable Cash Expenses: $ (5,100) Supplies Expense (13,100) Salaries Expense Dividends Total Expenses (18,200)