January $1$ Borrow $$116,000$ from Captive Credit Corporation. The installment note bears interest at $6\%$ annually and matures in $5$ years. Payments of $$2,243$ are required at the end of each month for $60$ months.

January $4$ Receive $$32,600$ from customers on accounts receivable.

January $10$ Pay cash on accounts payable, $$27,000.$

January $15$ Pay cash for salaries, $$30,500.$

January $30$ Firework sales for the month total $$210,200.$ The cost of the units sold is $$120,500.$

January $31$ Pay the first monthly installment of $$2,243$ related to the $$116,000$ borrowed on January $1.$

$4.$ Prepare a multiple$-$step income statement for the period ended January $31,2024.($Do not round intermediate calculations.$)$

$\backslash$table$[[$FREEDOM FIREWORKS$],[$Multiple$-$Step Income Statement$],[$For the Month Ended January $31,2024],[$Sales Revenue$],[$Cost of Goods Sold$],[$Gross Profit$],[$Expenses:$],[$Salaries Expense$],[$Bad Debt Expense$],[$Depreciation Expense$],[],[$Total Operating Expenses$],[$Operating Income$],[$Interest Expense$],[$Income Before Taxes$],[],[]]$

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