Required information

$[$The following information applies to the questions displayed below.$]$

On January $1,2024,$ the general ledger of Freedom Fireworks includes the following account balances:

$\backslash$table$[[$Accounts$,$Debit,Credit$],[$Cash$,$$$11,400,],[$Accounts Receivable,$34,400,],[$Allowance for Uncollectible Accounts,$152,200,],[$Inventory$,69,300,],[$Land$,122,000,9,800],[$Buildings$,,19,900],[$Accumulated Depreciation,,$202,000],[$Accounts Payable,,$155,600],[$Common Stock,,$],[$Retained Earnings,,$],[$Totals$,,]]$

During January $2024,$ the following transactions occur:

January $1$ Borrow $$102,000$ from Captive Credit Corporation. The installment note bears interest at $7\%$ annually and matures in $5$ years. Payments of $$2,020$ are required at the end of each month for $60$ months.

January $4$ Receive $$31,200$ from customers on accounts receivable.

January $10$ Pay cash on accounts payable, $$13,000.$

January $15$ Pay cash for salaries, $$29,100.$

January $30$ Firework sales for the month total $$195,400.$ The cost of the units sold is $$113,500.$

January $31$ Pay the first monthly installment of $$2,020$ related to the $$102,000$ borrowed on January $1.$

Prepare a multiple$-$step income statement for the period ended January $31,2024.($Do not round intermediate calculations.$)$