Required information [The following information applies to the questions displayed below] On January 1, 2021, the general ledger of ACME Fireworks includes the following account balances: During January 2021, the following transactions occur; Januaty 2 sold gift cardu totaling 911,400 . The carda are redeenable for nerehandian within one year of the purchase date. Jasuaty 6 Puretase additional inventary on account, $164,000. Janbary is pirework inlea tor the firat half of the month total 5152,000 . All of thene alee are on aceount. Jasuary 21 the cost of the unith woid in 582,300 . Jantary 23 theceive $127,100 from cuatcotera on accounts recelvable. January 25 Pay 7107,000 to thventory suppilers on account pay pable. Jankary 30 Firevork antes for the ancond half of the month total 5160,000 . Fales inelude 311,000 for eash and 5149,000 on account. The cost of the units nold is 580,000 . January 31 Pay cash for mantbly salaries, $53,700. 7. Analyze the following for ACME Fireworks Requlrement 1: a-1. Calculate the current ratio at the end of January