this is what needs to be solved.

On January 1, 2024, the general ledger of ACME Fireworks includes the following account balances Recounts Deble Credit Cash 527.100 Accounts Receivable 50,200 Allowance for Uncollectible Account 56,200 Invgatory 22.000 Land 66,000 Equipment 25.000 Meerumatated Depreciation 3.500 Accounts Payable 30.500 Note Payabze 161. due April 1, 2025 70.000 Common took 55.000 Retained rings 35.100 Total 5130100 $130,300 During January 2024, the following transactions occur January 2 Bold uit cards totaling $12,000. The cards are redeemable for merchandise within one year of the purchase date January & Purchase additional inventory on account, $167.000. Aces the perpetuat inventory system January 15 Tik sules for the first halt or the month total 5155,000. Mul of these are count. The foot or the units sold 58), 300, January 2 Receive 5127.400 from customers on accounts receivable January 25 Pay $110,000 to inventory suppliers on accounts payable January 20 Write oft accounts receivable as uncollectible, 56,00 January 30 Pirework sales for the second half of the month total 516),000. Sales Include $17,000 for cash and $145,000 00 account. The cost of the units sold is 329,500. JANUARY 01 Pay cash for monthly salaries, 154,000. The following Information is available on January 31, a. Depreciation on the equipment for the month of January is calculated using the straight-line method. At the time the equipment was purchased, the company estimated a residual value of $5.200 and a two-year service life b. The company records an adjusting entry for $17,340 for estimated future uncollectible accounts c. The company has accrued interest on notos payable for January d. The company has accrued income taxes at the end of January of $15,000 e. By the end of January, $5,000 of the gift cards sold on January 2 have been redeemed lignore cost of goods sold) Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet Analysis Using the information from the requirements above, complete the 'Analysis' tab. (Calculate the ratios to the nearest 2 decimal places.) Analyze the following for ACME Fireworks: (a) Calculate the current ratio at the end of January. If the average current ratio for the industry is 1.80, Is ACME Fireworks more on less liquid than the industry average? The current rallois In the company more or less liquid than the Industry average? (b) Calculate the acid-test ratio at the end of January. If the average acid-test ratio for the industry is 150, i ACME Fireworks more or less likely to have difficulty paying its currently maturing debts (compared to the industry average)? The acid-test ratio is: In the company more or less tkely to have difficulty paying its currently maturing debts? (c) Assume the notes payable were due on April 1, 2024, rather than April 1, 2025. Calculate the revised current ratio at the end of January, and indicate whether the revised ratio would increase, decrease, or remain unchanged compared to your answer in (a). The revised current ratio is Indicate whether the revised ratio would increase, decrease, or remain unchanged compared to your answer in (a)