[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, \$4,400. The cost of the inventory was $2,900. The company uses the perpetual inventory system. January 2 Purchased equipment on account for $6,400 from the Strong Company. The full amount is due in 15 days. January 4 Received a $150 invoice from the local newspaper requesting payment for an advertisement that Whitlow placed in the paper on January 2 . January 8 Sold inventory on account for $5,900. The cost of the inventory was $3,700. January 8 Sold inventory on account for $5,900. The cost of the inventory was $3,700. January 10 Purchased inventory on account for $9,950. January 13 Purchased equipment for cash, $800. January 16 Paid the entire amount due to the Strong Company. January 18 Received $5,800 from customers on account. January 20 Paid $800 to the owner of the building for January's rent. January 30 Paid employees $3,900 for salaries for the month of January. January 31 Paid a cash dividend of $1,000 to shareholders. \& 3. Enter the beginning balances as of January 1, 2024 and post the entries to T-accounts. ote: Enter the date of the transaction in the column next to the amount. \begin{tabular}{|l|l|l|l|} \hline Beginning balance & \multicolumn{2}{|c|}{ Cost of Goods Sold } \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline Ending balance & & & \\ \hline & & \\ \hline Beginning balance & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline Ending balances Expense & \\ \hline & & \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|} \hline Beginning balance & \multicolumn{2}{|c|}{ Rent Expense } \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline Bending balance & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline \end{tabular}