Required information On Jonuory 1, 2024, the generol ledger of Big Blsst Fireworks includes the following account bslonces: The $43,000 beginning bolance of inventory consists of 430 units, esch costing $100. During Janusry 2024, Big Blast Fireworks had the following inventory transactions: January 3 Purchase 1,150 units for $121,908 dn account (\$186 cach). January g Purchase 1,250 units for $138,758 on account ( $111 each). January 12 Purchase 1,350 units for $156, 6e8 on account ( $116 each). January 15 Return 165 of the units purchased on January 12 because of defects. inventory systen. January 22 Receive $573, eae fron customers on accounts receivable. January 24 Pay $389, eae to inventory supplicrs on accounts payable. January 27 Write off accounts receivable as uncollectible, $2,280. January 31 Pay cash for salarics during January, \$132, eed. The following information is aveilable on Janusry 31, 2024. a. At the end of Janusry, the compsny estimstes that the remsining units of inventory purchosed on Jonusry 12 ore expected to sell in Februsry for only $100 each. [Hint: Determine the number of units remaining from Jonusry 12 after subtracting the units returned on January 15 and the units assumed sold (FIFO) on Janusry 19.] b. The company records an adjusting entry for $3,750 for estimated future uncollectible occounts. c. The company accrues interest on notes payable for Janusry. Interest is expected to be paid each December 31. d. The company accrues income toxes at the end of Janusry of $13,600. . At the end of Janusry, the company estimates that the remaining units of inventory purchosed on Janusry 12 sre expected to sell in February for only $100 each. [Hint: Determine the number of units remaining from January 12 after subtracting the units returned on January 15 and the units sasumed sold (FIFO) on Janusry 19.] . The company records an adjusting entry for $3,750 for estimated future uncollectible sccounts. . The company accrues interest on notes payable for Jonuary. Interest is expected to be paid each December 31. . The company accrues income toxes at the end of Janusry of $13,600