Exercise $5-22($Algo$)$ Complete the accounting cycle using receivable transactions $($LO$5-1,5-2,5-4,5-5,$

$5-7)$

$[$The following information applies to the questions displayed below.$]$

The general ledger of Pop's Fireworks includes the following account balances on December $31,2024$:

In addition, the following transactions occurred during $2024$ and are not yet reflected in the account balances above:

Provided additional services on account for $$23,000.$ All services on account include terms $\frac{2}{10},\frac{n}{30}.$

Received cash from customers within $10$ days of the services being provided on account. The customers were

originally charged $$13,000.$

Wrote off customer accounts of $$3,100$ as uncollectible.

Exercise $5-22($Algo$)$ Part $4$

Prepare an income statement for the period ended December $31,2024.($Amounts to be deducted should be indicated with a

minus sign.$)$

POP'S FIREWORKS