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: Accounts Cash Accounts Receivable Allowance for Uncollectible Accounts Inventory Land Buildings Accumulated Depreciation Accounts Payable Common Stock Retained Earnings Totals Debit $ 12,800 Credit 37,200 $ 3,400 153,600 83,300 136,000 11,200 35,300 216,000 157,000 $ 422,900 $ 422,900 During January 2024, the following transactions occur: January 1 Borrow $116,000 from Captive Credit Corporation. The installment note bears interest at 6% annually and matures in 5 years. Payments of $2,243 are required at the end of each month for 60 months. January 4 Receive $32,600 from customers on accounts receivable. January 10 Pay cash on accounts payable, $27,000. January 15 Pay cash for salaries, $30,500. January 30 Firework sales for the month total $210,200. The cost of the units sold is $120,500. January 31 Pay the first monthly installment of $2,243 related to the $116,000 borrowed on January 1. 5. Prepare a classified balance sheet as of January 31, 2024. (Amounts to be deducted should be indicated with a minus sign. Do not round Intermediate calculations.) Total Current Assets Total Assets Assets FREEDOM FIREWORKS Classified Balance Sheet January 31, 2024 Total Current Liabilities Liabilities Total Liabilities Stockholder's Equity Total Stockholders' Equity Total Liabilities and Stockholders' Equity