$[$The following information applies to the questions displayed below.$]$

One Product Corporation $($OPC$)$ incorporated at the beginning of last year. The balances on its post$-$closing trial balan prepared on December $31,$ at the end of its first year of operations, were:

$\backslash$table$[[$Cash$,22,030],[$Accounts Receivable,$8,300],[$Allowance for Doubtful Accounts,$1,045],[$Inventory$,12,060],[$Prepaid Rent,$1,920],[$Equipment$,44,200],[$Accumulated Depreciation,$4,320],[$Accounts Payable,$0],[$Sales Tax Payable,$500],[$FICA Payable,$600],[$Withheld Income Taxes Payable,$500],[$Salaries and Wages Payable,$1,600],[$Unemployment Tax Payable,$300],[$Deferred Revenue,$4,500],[$Interest Payable,$531],[$Notes Payable $($long$-$term$),23,600],[$Common Stock,$17,900],[$Additional Paid$-$In Capital, Common,$19,974],[$Retained Earnings,$17,140],[$Treasury Stock,$4,000]]$

The following information is relevant to the first month of operations in the following year:

OPC sells its inventory at $$150$ per unit, plus sales tax of $6$ percent. OPC's January $1$ inventory balance consists of $180$ units at a total cost of $$12,060.$ OPC's policy is to use the FIFO method, recorded using a perpetual inventory system.

The $$1,920$ in Prepaid Rent relates to a payment made in December for January rent this year.

The equipment was purchased on July $1$ of last year. It has a residual value of $$1,000$ and an expected life of five years. It is being depreciated using the straight$-$line method.

Employee wages are $$4,000$ per month. Employees are paid on the $16$ th for the first half of the month and on the first day of the following month for the second half of each month. Withholdings each pay period include $$250$ of income taxes and $$150$ of FICA taxes. These withholdings and the employer's matching contribution are paid monthly on the second day of the following month. In addition, unemployment taxes of $$50$ are accrued each pay period, and will be paid on March $31.$

Deferred Revenue is for $30$ units ordered and paid for in advance by two customers in late December. One order of $25$ units is to be filled in January, and the other will be filled in February.

Notes Payable arises from a three$-$year, $9$ percent bank loan received on October $1$ last year.

The par value on the common stock is $$2$ per share.

Treasury Stock arises from the reacquisition of $500$ shares at a cost of $$8$ per share.

January Transactions

a$.$ On $1/01,$ OPC paid employees' salaries and wages that were previously accrued on December $31.$

b$.$ A truck is purchased on $\frac{1}{02}$ for $$9,500$ cash. It is estimated this vehicle will be used for $50,000$ miles, after which it will have no residual value.

c$.$ Payroll withholdings and employer contributions for December are remitted on $\frac{1}{03}.$

d$.$ OPC declares a $$0\mathrm{.}50$ cash dividend on each share of common stock on $\frac{1}{04},$ to be paid on $\frac{1}{10}.$

e$.$ A $$1,030$ customer account is written off as uncollectible on $\frac{1}{05}.$

f$.$ On $\frac{1}{06},$ recorded sales of $175$ units of inventory on account. Sales tax is charged but not yet collected or remitted to the state.

g$.$ Sales taxes of $$500$ that had been collected and recorded in December are paid to the state on $\frac{1}{07}.$

h$.$ On $\frac{1}{08},$ OPC issued $300$ shares of treasury stock for $$2,400.$

i$.$ Collections from customers on account, totaling $$17,971,$ are recorded on $\frac{1}{09}.$

j$.$ On $\frac{1}{10},$ OPC distributes the $$0\mathrm{.}50$ cash dividend declared on January $4.$ The company's stock price is currently $$5$ per share,

k$.$ OPC purchases on account and receives $70$ units of inventory on $\frac{1}{11}$ for $$4,130.$

The equipment purchased last year for $$44,200$ is sold on $\frac{1}{15}$ for $$45,400$ cash. Record depreciation for the first half of January prior to recording the equipment disposal.

The $$1,920$ in Prepaid Rent relates to a payment made in December for January rent this year.

The equipment was purchased on July $1$ of last year. It has a residual value of $$1,000$ and an expected life of five years. It is being depreciated using the straight$-$