The beginning trial balance has been entered in the general ledger for you, The amounts in this exercise have been changed from those in the text to help ensure that you are truly going through the process and not using an online tool for help. On January 1, 2024, the general ledger of Grand Finale Fireworks includes the following account balances: January 2 Issue and additional 3,000 shares of $1 par value common stock for $45,000. January 9 Provide services to customers on account, $19,500. January 10 Purchase additional supplies on account, $6,500. January 12 Purchase 1,100 shares of treasury stock for $17 per share. January 15 Pay cash on accounts payable, $12,500. January 21 Provide services to customers for cash, $44,600. January 22 Recelve cash on accounts receivable, $17,350. Declare a cash dividend of $0.30 per share to all shares outstanding on January 29 . The dividend is payable on February 15 . (Hint: Grand Finale January 29 Fireworks had 20,000 shares outstanding on January 1, 2024, and dividends are not paid on treasury stock.) January 30 Resell 650 shares of treasury stock for $20 per share. January 31 Pay cash for salaries during January, $32,000 Prepare a post-closing trial balance (Cathy Added) Analyze the following for Grand Finale Fireworks: Calculate the return on equity for the month of January. If the average return on equity for the industry for January is 2.5%, is the company more a. or less profitable than other companies in the same industry? b. How many shares of common stock are outstanding as of January 31,2024 ? Calculate earnings per share for the month of January. (Hint: To calculate average shares of common stock outstanding take the beginning share outstanding plus the ending shares outstanding and divide the total by 2 .) If earnings per share was $3.60 last year (L.e., an average of $.30 per c. month), is earnings per share for January 2024 better or worse than last year's overage