Sed 4 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 Part 4 of 7 Credit Debit $ 25,600 47,200 15 points $4,700 Slupped Accounts Cash Accounts Receivable Allowance for Uncollectible Accounts Inventory Land Equipment Accumulated Depreciation Accounts Payable Notes Payable (6%, due April 1, 2022) Common Stock Retained Earnings Totals 20, 500 $1,000 17,500 2, cea 29,000 55,000 40,000 31,100 $161,800 eBook $161.80 References During January 2021, the following transactions occur January 2 Sold gift cards totaling $9,000. The cards are redeemable for merchandise within one year of the purchase date January 6 Purchase additional inventory on account, $352,800. January 15 Firework sales for the first half of the month total $140,000. All of these sales are an account. The coat of the units sold is $76,300 January 23 Heceive $125,900 from customers on accounts receivable. January 25 Pay 595,000 to inventory suppliers on accounts payable. January 28 write off accounts receivable as uncollectible, 55,300 January 30 Firework sales for the second half of the month total 5148,000. sales include $10,000 for cash and 3338.00 on account. The cost of the units sold 1 582,000 January 11 Pay cash for monthly salaries, 352,560 4. Prepare a multiple-step income statement for the period ended January 31, 2021