Exercise 10-17 Complete the accounting cycle using stockholders' equity transactions ( LO10-2, 104,105, 10-8) [The following information applies to the questions displayed below.] On January 1, 2021, the general ledger of Grand Finale Fireworks includes the following account balances: During January 2021, the following transactions occur: January 2 Issue an additional 2,100 shares of $1 par vatue common stock for $42,080. January 9 Provide services to customers on account, $16,700. January 10 Purchase additional supplies on account, $5,660. January 12 Purchase 1,000 shares of treasury stock for $20 per share. January 15 Pay cash on accounts payable, \$17, 200. January 21 Provide services to customers for cash, 549,800. January 22 Receive cash on accounts receivable, $17,300. January 29 Declare a cash dividend of 50.28 per share to all shares outstanding on January 29. The dividend is pyable on February 15. (Hint: Grand Finale Fireworks had 17, 100 shares outstanding on January 1,2021 , and dividends are not paid on treasury stock.) January 30 Resell 800 shares of treasury stock for $22 per share. January 31 Pay cash for salaries during January, $42,7e0. 5. Prepare a classified balance sheet as of January 31, 2021. (Amounts to be deducted should be indicated by a minus sign Exercise 10-17 Complete the accounting cycle using stockholders' equity transactions ( LO10-2, 104,105, 10-8) [The following information applies to the questions displayed below.] On January 1, 2021, the general ledger of Grand Finale Fireworks includes the following account balances: During January 2021, the following transactions occur: January 2 Issue an additional 2,100 shares of $1 par vatue common stock for $42,080. January 9 Provide services to customers on account, $16,700. January 10 Purchase additional supplies on account, $5,660. January 12 Purchase 1,000 shares of treasury stock for $20 per share. January 15 Pay cash on accounts payable, \$17, 200. January 21 Provide services to customers for cash, 549,800. January 22 Receive cash on accounts receivable, $17,300. January 29 Declare a cash dividend of 50.28 per share to all shares outstanding on January 29. The dividend is pyable on February 15. (Hint: Grand Finale Fireworks had 17, 100 shares outstanding on January 1,2021 , and dividends are not paid on treasury stock.) January 30 Resell 800 shares of treasury stock for $22 per share. January 31 Pay cash for salaries during January, $42,7e0. 5. Prepare a classified balance sheet as of January 31, 2021. (Amounts to be deducted should be indicated by a minus sign