On January $1,2024,$ the general ledger of TNT Fireworks includes the following account balances:

Accounts Debit Credit

Cash $ $59,000$

Accounts Receivable $25,600$

Allowance for Uncollectible Accounts $ $2,500$

Inventory $36,600$

Notes Receivable $(5\%,$ due in $2$ years$)15,600$

Land $158,000$

Accounts Payable $15,100$

Common Stock $223,000$

Retained Earnings $54,200$

Totals $ $294,800$ $ $294,800$

During January $2024,$ the following transactions occur:

January $1$ Purchase equipment for $$19,800.$ The company estimates a residual value of $$1,800$ and a six$-$year service life.

January $4$ Pay cash on accounts payable, $$9,800.$

January $8$ Purchase additional inventory on account, $$85,900.$

January $15$ Receive cash on accounts receivable, $$22,300.$

January $19$ Pay cash for salaries, $$30,100.$

January $28$ Pay cash for January utilities, $$16,800.$

January $30$ Firework sales for January total $$223,000.$ All of these sales are on account. The cost of the units sold is $$116,500.$

The following information is available on January $31,2024$:

a$.)$

Depreciation on the equipment for the month of January is calculated using the straight$-$line method.

The company records an adjusting entry for $$3,610$ for estimated future uncollectible accounts.

The company has accrued interest on notes receivable for January.

Unpaid salaries owed to employees at the end of January are $$32,900.$

The company accrued income taxes at the end of January $$9,300.$