[The following information applies to the questions displayed below] The following is the post-closing trial balance for the Whitlow Manufacturing Corporation as of December 31,2023. The following transactions occurred during January 2024 : January 1 Sold Inventory for cash, $2,600. The cost of the inventory was $1,160. The company uses the perpetual inventory system. January 2 Purchased equipment on account for $4,600 from the Strong conpany. The full anount is due in 15 days. January 4 Recelved a 3200 involce from the local newspoper requesting payment for an advertisenent that Whitlow placed In the paper on January 2. Janoary 8 . 5018 inventory on account for 34,100 . The cast of the inventory was $1,900. Jamary is Purchased inventory on account for $9, 053. january 13 purchased equiphent for cash, 5900. January 16 Paid the entire anount doe to the Strong Company. Jomary 18 Hecelved $4,000 from customers on account. Januory 20 Paid 3900 to the otmer of the bullding for January's rent. zanuary 30 Daid employees 32 , 100 for salaries for the wonth of January. pamuary 31 Pald a cash dividend of 3900 to shareholders. 1. \& 3. Enter the beginining balances as of January 1, 2024 and post the entries to T-accounts: Note: Enter the date of the transoction in the column next to the omount