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On January 1, 2021, the general ledger of ACME Fireworks includes the following account balances:

Accounts	Debit				Credit
Cash	$	25,800
Accounts Receivable		47,600
Allowance for Uncollectible Accounts					$	4,900
Inventory		20,700
Land		53,000
Equipment		18,500
Accumulated Depreciation						2,200
Accounts Payable						29,200
Notes Payable (6%, due April 1, 2022)						57,000
Common Stock						42,000
Retained Earnings						30,300
Totals	$	165,600			$	165,600

During January 2021, the following transactions occur:

January		2		Sold gift cards totaling $9,400. The cards are redeemable for merchandise within one year of the purchase date.
January		6		Purchase additional inventory on account, $154,000.
January		15		Firework sales for the first half of the month total $142,000. All of these sales are on account. The cost of the units sold is $77,300.
January		23		Receive $126,100 from customers on accounts receivable.
January		25		Pay $97,000 to inventory suppliers on accounts payable.
January		28		Write off accounts receivable as uncollectible, $5,500.
January		30		Firework sales for the second half of the month total $150,000. Sales include $15,000 for cash and $135,000 on account. The cost of the units sold is $83,000.
January		31		Pay cash for monthly salaries, $52,700.

4. Prepare a multiple-step income statement for the period ended January 31, 2021.

for the year ended january 31 2021