wirry On January 1, 2021, the general ledger of Freedom Fireworks includes the following account balances Credit Debit $ 12,800 37,200 153,600 83,300 136,000 Accounts Cash Accounts Receivable Inventory Land Buildings Allowance for Uncollectible Accounts Accumulated Depreciation Accounts Payable Common Stock Retained Earnings Totals $3,400 11,200 35,300 216,000 157.000 $422,900 S422,900 During January 2021, the following transactions occur January Borrow $116,000 from Captive Credit Corporation. The installment note bears interest at 6% annually and matures 1 in 5 years. Payments of 52, 24) are required at the end of each month for 60 months January Receive $32,668 from customers on accounts receivable. 4 January Pay cash on accounts payable, 527,eee. 10 January Pay cash for salaries, 530,500 15 January Firework sales for the month total $210,200. Sales include $66,600 for cash and 5143,600 on account. The cost 30 of the units sold is $120, 500 Janoary Pay the first monthly installment of $2,243 related to the $110,000 borrowed on January 1. Round your interest 31 calculation to the nearest dollar 7. Analyze the following for Freedom Fireworks Requirement 1: -1. Calculate the debt to equity ratio