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

During January $2024,$ the following transactions occur:

January $2$ Issue an additional $2,000$ shares of $$1$ par value common stock for $$40,000.$

January $9$ Provide services to customers on account, $$14,300.$

January $10$ Purchase additional supplies on account, $$4,900.$

January $12$ Repurchase $1,000$ shares of treasury stock for $$18$ per share.

January $15$ Pay cash on accounts payable, $$16,500.$

January $21$ Provide services to customers for cash, $$49,100.$

January $22$ Receive cash on accounts receivable, $$16,600.$

January $29$ Declare a cash dividend of $$0\mathrm{.}30$ per share to all shares outstanding on January $29.$ The dividend is payable

on February $15.$

January $29($Hint: Freedom Fireworks had $10,000$ shares outstanding on January $1,2024,$ and dividends are not paid on

treasury stock.$)$

January $30$ Reissue $600$ shares of treasury stock for $$20$ per share.

January $31$ Pay cash for salaries during January, $$42,000.$

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

Unpaid utilities for the month of January are $$6,200.$

Supplies at the end of January total $$5,100.$

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

purchased, the company estimated a service life of three years and a residual value of $$10,000.$

Accrued income taxes at the end of January are $$2,000.$