Required information On January 1, 2024, the general ledger of Big Blast Fireworks includes the following account balances: Accounts Debit Credit Cash $25,700 Accounts Receivable 46,000 Allowance for Uncollectible Accounts $4,100 Inventory 49,000 Land 90,100 Accounts Payable 25,700 Notes Payable (6%, due in 3 years) 49,000 Common Stock 75,000 Retained Earnings 57,000 Totals $210,800 $210,000 The $49,000 beginning balance of inventory consists of 490 units, each costing $100. During January 2024, Big Blast Fireworks had the following inventory transactions: January 3 Purchase 1,750 units for $196,000 on account ($112 each). January 8 Purchase 1,850 units for $216,450 on account ($117 each). January 12 Purchase 1,950 units for $237,900 on account ($122 each). January 15 Return 195 of the units purchased on January 12 because of defects. January 19 Sell 5,700 units on account for $855,000. The cost of the units sold is determined using a FIFO perpetual inventory system. January 22 Receive $837,000 from customers on accounts receivable. January 24 Pay $620,000 to inventory suppliers on accounts payable. January 27 Write off accounts receivable as uncollectible, $2,800. January 31 Pay cash for salaries during January, $138,000. The following information is available on January 31, 2024.