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

During January $2024,$ the following transactions occur:January $9$ Provide services to customers on account, $$14,800.$

January $10$ Purchase additional supplies on account, $$5,100.$

January $12$ Repurchase $1,000$ shares of treasury stock for $$20$ per share.

January $15$ Pay cash on accounts payable, $$16,700.$

January $21$ Provide services to customers for cash, $$49,300.$

January $22$ Receive cash on accounts receivable, $$16,800.$

January $29$ Declare a cash dividend of $$0\mathrm{.}30$ per share to all shares outstanding on January $29.$ The dividend isdividends are not paid on treasury stock.$)$

January $30$ Reissue $700$ shares of treasury stock for $$22$ per share.

January $31$ Pay cash for salaries during January, $$42,200.$The following information is available on January $31,2024.$

Unpaid utilities for the month of January are $$6,400.$

Supplies at the end of January total $$5,300.$

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 $$10,200.$

Accrued income taxes at the end of January are $$2,200.$

Record each of the transactions listed above in the 'General Journal' tab $($these are shown as items $1-10)$ assuming a FIFO

perpetual inventory system. Review the 'General Ledger' and the 'Trial Balance' tabs to see the effect of the transactions

on the account balances.

Record adjusting entries on January $31$ in the 'General Journal' tab $($these are shown as items $11-14).$

Review the adjusted 'Trial Balance' as of January $31,2024,$ in the 'Trial Balance' tab.

Prepare a multiple$-$step income statement for the period ended January $31,2024,$ in the 'Income statement' tab.

Prepare a classified balance sheet as of January $31,2024,$ in the 'Balance Sheet' tab.

Record the closing entries in the 'General Journal' tab $($these are shown as items $15$ and $16).$

Using the information from the requirements above, complete the 'Analysis' tab.