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

During January $2024,$ the following transactions occur:

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January $2$ Sold gift cards totaling $$10,000.$ The cards are redeemable for merchandise within one year of the purchase

date.

January $6$ Purchase additional inventory on account, $$157,000.$ ACME uses the perpetual inventory system.

January $15$ Firework sales for the first half of the month total $$145,000.$ All of these sales are on account. The cost

of the units sold is $$78,800.$

January $23$ Receive $$126,400$ from customers on accounts receivable.

January $25$ Pay $$100,000$ to inventory suppliers on accounts payable.

January $28$ Write off accounts receivable as uncollectible, $$5,800.$

January $30$ Firework sales for the second half of the month total $$153,000.$ Sales include $$16,000$ for cash and $$137,000$

on account. The cost of the units sold is $$84,500.$

January $31$ Pay cash for monthly salaries, $$53,000.$

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The following information is available on January $31.$

a$.$ 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 residual value of $\backslash (\backslash$$ $4,400\backslash )$ and a two$-$year service life.

b$.$ The company records an adjusting entry for $\backslash (\backslash$$ $13,980\backslash )$ for estimated future uncollectible accounts.

c$.$ The company has accrued interest on notes payable for January.

d$.$ The company has accrued income taxes at the end of January of $\backslash$$$14,000.$

e$.$ By the end of January, $\backslash (\backslash$$ $4,000\backslash )$ of the gift cards sold on January $2$ have been redeemed $($ignore cost of goods sold$).$