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: Accounts Debit Credit Cash $ 26,500 Accounts Receivable 49, 300 Allowance for Uncollectible Accounts $ 5,600 Inventory 21, 400 Land 60, 090 Equipment 22,000 Accumulated Depreciation 2,900 Accounts Payable 29,900 Notes Payable (6%, due April 1, 2022) 64,000 Common Stock 49,080 Retained Earnings 27,500 Totals $ 178, 900 $178,900 During January 2021, the following transactions occur: January 2 Sold gift cards totaling $10,800. The cards are redeemable for merchandise within one year of the purchase date. January 6 Purchase additional inventory on account, $161,060. January 15 Firework sales for the first half of the month total $149,000. All of these sales are on account. The cost of the units sold is $80,800. January 23 Receive $126,800 from customers on accounts receivable. January 25 Pay $104,000 to inventory suppliers on accounts payable. January 28 Write off accounts receivable as uncollectible, $6,200. January 30 Firework sales for the second half of the month total $157,000. Sales include $15,060 for cash and $142,080 on account. The cost of the units sold is $86,500. January 31 Pay cash for monthly salaries, $53,400.4. Prepare a multiple-step income statement for the period ended January 31, 2021. ACME FIREWORKS Income Statement For the year ended January 31, 2021 S 0 Total operating expenses 0