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

$\backslash$table$[[$Accounts$,$Debit,Credit$],[$Cash$,$$$23,500,,,],[$Accounts receivable,$40,500,,,],[$Allowance for uncollectible accounts,,$4,700,,],[$Inventory$,38,000,,,],[$Land$,73,600,,,],[$Accounts payable,,$28,400,,],[$Notes payable $(98,$ due in $3$ years$),,38,000,,],[$Common stock,,$64,000,,],[$Retained earnings,$$175,600,$$$175,600,,]]$

The $$38,000$ beginning balance of inventory consists of $380$ units, each costing $$100.$ During January $2024,$ Big Blast Fireworks had the following inventory transactions:

January $3$ Purchased $1,700$ units for $$180,200$ on account $($ $$106$ each$).$

January $8$ Purchased $1,800$ units for $$199,800$ on account $($ $$111$ each$).$

January $12$ Purchased $1,900$ units for $$220,400$ on account $($ $$116$ each$).$

January $15$ Returned $140$ of the units purchased on January $12$ because of defects.

January $19$ Sold $5,500$ units on account for $$825,000.$ The cost of the units sold is determined using a FIFO perpetual

inventory system.

January $22$ Received $$797,000$ from customers on accounts receivable.

January $24$ Paid $$580,000$ to inventory suppliers on accounts payable.

January $27$ Wrote off accounts receivable as uncollectible, $$3,300.$

January $31$ Paid cash for salaries during January, $$122,000.$

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

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

b$.$ At the end of January, $$4,800$ of accounts receivable are past due, and the company estimates that $40\%$ of these accounts will not be collected. Of the remaining accounts receivable, the company estimates that $5\%$ will not be collected.

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

d$.$ Accrued income taxes at the end of January are $$13,100.$

$\backslash$table$[[$Requirement$,\backslash$table$[[$General$],[$Journal$]],\backslash$table$[[$General$],[$Ledger$]],$Trial Balance,$\backslash$table$[[$Income$],[$Statement$]],$Balance Sheet$]]$

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