The following transactions occurred during January $2024$:January $1$ Sold inventory for cash, $$3,100.$ The cost of the inventory was $$1,600.$ The company uses theperpetual inventory system.January $2$Purchased equipment on account for $$5,100$ from the Strong Company. The full amount is due in $15$ days.January $4$ Received a $$100$ invoice from the local newspaper requesting payment for an advertisement thatWhitlow placed in the paper on January $2.$January $8$ Sold inventory on account for $$4,600.$ The cost of the inventory was $$2,400.$January $10$ Purchased inventory on account for $$9,300.$January $13$ Purchased equipment for cash, $$700.$January $16$ Paid the entire amount due to the Strong Company.January $18$ Received $$3,600$ from customers on account.January $20$ Paid $$700$ to the owner of the building for January's rent.January $30$ Paid employees $$2,600$ for salaries for the month of January.January $31$ Paid a cash dividend of $$800$ to shareholders.