On January $1,2024,$ the general ledger of Big Blast Fireworks included the following account balances:

Accounts Debit Credit

Cash $ $24,300$

Accounts receivable $42,500$

Allowance for uncollectible accounts $2,700$

Inventory $42,000$

Land $79,600$

Accounts payable $29,200$

Notes payable $(8\%,$ due in $3$ years$)42,000$

Common stock $68,000$

Retained earnings $46,500$

Totals $ $188,400$ $ $188,400$

The $$42,000$ beginning balance of inventory consists of $420$ units, each costing $$100.$ During January $2024,$ Big Blast Fireworks had the following inventory transactions:

January $3$ Purchased $1,050$ units for $$115,500$ on account $($$$110$ each$).$

January $8$ Purchased $1,150$ units for $$132,250$ on account $($$$115$ each$).$

January $12$ Purchased $1,250$ units for $$150,000$ on account $($$$120$ each$).$

January $15$ Returned $160$ of the units purchased on January $12$ because of defects.

January $19$ Sold $3,600$ units on account for $$576,000.$ The cost of the units sold is determined using a FIFO perpetual inventory system.

January $22$ Received $$529,000$ from customers on accounts receivable.

January $24$ Paid $$359,000$ to inventory suppliers on accounts payable.

January $27$ Wrote off accounts receivable as uncollectible, $$2,100.$

January $31$ Paid cash for salaries during January, $$110,000.$

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

At the end of January, the company estimates that the remaining units of inventory are expected to sell in February for only $$100$ each.

At the end of January, $$5,200$ of accounts receivable are past due, and the company estimates that $30\%$ of these accounts will not be collected. Of the remaining accounts receivable, the company estimates that $5\%$ will not be collected.

Accrued interest expense on notes payable for January. Interest is expected to be paid each December $31.$

Accrued income taxes at the end of January are $$13,500.$ Each journal entry is posted automatically to the general ledger. The unadjusted, adjusted, or post$-$closing balances will appear for each account, based on your selection. Notice the dropdown below that gives the options to select the unadjusted, adjusted or post$-$closing trial balance. The option you choose will be the values used to populate the income statement and balance sheet tabs$.$Prepare an income statement for the period ended January $31,2024.$ Choose the appropriate accounts to complete the company's income statement. The unadjusted, adjusted, or post$-$closing balances will appear for each account, based on your selection.Unadjusted $.$Prepare a classified balance sheet as of January $31,2024.$ Choose the appropriate accounts to complete the company's balance sheet. The unadjusted, adjusted, or post$-$closing balances will appear for each account, based on your selection.Using the information from the requirements above, complete the 'Analysis'.

Note: Enter your Inventory Turnover ratio and gross profit ratio value in one decimal place.