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: During January 2024, the following transactions occur: January 1 Borrou $112,000 fren captive Credit corporation. The installment note bears interest at 60 annually and matures in 5 yearl. Peyments of $2,165 are required at the end of each month for 60 monthe. January 4 Meceive $32,200 from cuatonera on accountil receivable. January 10 pay cash on accounts payable, $23,000. January 15 Pay canh for salaries, $30,100. January 30 pirevork nales for the month total $201,000. The cost of the units sold is 5110,500. January 31 pay the first monthly inatalinent of $2,165 related to the $112,000 borroved on January 1 . 4. Prepare a multiple-step income statement for the period ended January 31,2024 . (Do not round intermediate calculations.) FREEDOM FIREWORKS Multiple-Step income Statement For the Month Ended January 31, 2024