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

During January $2024,$ the following transactions occur:

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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, $$14,000.$

January $10$ Purchase additional supplies on account, $$5,000.$

January $12$ Purchase $1,100$ shares of treasury stock for $$19$ per share.

January $15$ Pay cash on accounts payable, $$16,600.$

January $21$ Provide services to customers for cash, $$49,200.$

January $22$ Receive cash on accounts receivable, $$16,700.$

January $29$ Declare a cash dividend of $$0\mathrm{.}40$ per share to all shares outstanding on January $29.$ The dividend is payable

on February $15.($Hint: Grand Finale Fireworks had $11,000$ shares outstanding on January $1,2024,$ and

dividends are not paid on treasury stock.$)$

January $30$ Resell $800$ shares of treasury stock for $$21$ per share.

January $31$ Pay cash for salaries during January, $$42,100.$

$```4.$ Prepare a multiple$-$step income statement for the period ended January $31,2024.$