Required information On January 1, 2021, the general ledger of Dynamite Fireworks includes the following account balances: Credit Accounts Cash Accounts Receivable Supplies Land Accounts Payable Common Stock Retained Earnings Totals Debit $ 25, 400 6, 800 4, 700 66,000 $ 4, 800 81,000 17, 100 $102, 900 $102, 900 During January 2021, the following transactions occur: January 2 Purchase rental space for one year in advance, $10,800 $900/month). January 9 Purchase additional supplies on account, $5, 100. January 13 Provide services to customers on account, $27, 100. January 17 Receive cash in advance from customers for services to be provided in the future, $5,300. January 20 Pay cash for salaries, $13, 100. January 22 Receive cash on accounts receivable, $25, 700. January 29 Pay cash on accounts payable, $5, 600. 4. Prepare an income statement for the period ended January 31, 2021. X Answer is not complete. DYNAMITE FIREWORKS Income Statement For the year ended January 31, 2021 Revenues: Service Revenue 27,100 X Expenses: Rent Expense Salaries Expense $ 900 13,100 X Total Expenses 14,000 13,100 X Net Income Required information On January 1, 2021, the general ledger of Dynamite Fireworks includes the following account balances: Credit Accounts Cash Accounts Receivable Supplies Land Accounts Payable Common Stock Retained Earnings Totals Debit $ 25, 400 6, 800 4, 700 66,000 $ 4, 800 81,000 17, 100 $102, 900 $102, 900 During January 2021, the following transactions occur: January 2 Purchase rental space for one year in advance, $10,800 $900/month). January 9 Purchase additional supplies on account, $5, 100. January 13 Provide services to customers on account, $27, 100. January 17 Receive cash in advance from customers for services to be provided in the future, $5,300. January 20 Pay cash for salaries, $13, 100. January 22 Receive cash on accounts receivable, $25, 700. January 29 Pay cash on accounts payable, $5, 600. 4. Prepare an income statement for the period ended January 31, 2021. X Answer is not complete. DYNAMITE FIREWORKS Income Statement For the year ended January 31, 2021 Revenues: Service Revenue 27,100 X Expenses: Rent Expense Salaries Expense $ 900 13,100 X Total Expenses 14,000 13,100 X Net Income