Required information [The following information applles 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 Borrow $112,000 from Captive Credit Corporation. The installment note bears interest at 68 annual1y and matures in 5 years. Payments of $2,165 are required at the end of each month for 60 months . January 4 Receive $32,200 from cuatoners on accounts receivable. January 10 Pay cash on accounts payable, $23,000. January 15 Pay cash for nalaries, $30,100. January 30 Firework nales for the month total $201,000. The coat of the unita sold is $118,500. January 31 Pay the firat nonthly installment of $2,165 related to the $112,000 borroved on January 1 . .Prepare a multiple-step income statement for the period ended January 31,2024 . (Do not round intermediate calculations.) 4. Prepare a multiple-step income statement for the period ended January 31, 2024. (Do not round intermediate calculations.)