On January 1, 2018, the general ledger of Grand Finale Fireworks includes the following account balances:

Accounts	Debit			Credit
Cash	$	43,400
Accounts Receivable		45,900
Supplies		8,200
Equipment		71,000
Accumulated Depreciation				$	9,700
Accounts Payable					15,300
Common Stock, $1 par value					17,000
Additional Paid-in Capital					87,000
Retained Earnings					39,500
Totals	$	168,500		$	168,500

The following information is available on January 31, 2018.

Unpaid utilities for the month of January are $6,900.

Supplies at the end of January total $5,800.

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 $10,700.

Accrued income taxes at the end of January are $2,700

Prepare the adjusting entry for utilities

Prepare the adjusting entry for supplies

Prepare the adjusting entry for depreciation

Prepare the adjusting entry for income tax

Prepare the adjusting entry for revenue

Prepare the adjusting entry for expense

Prepare the adjusting entry for dividends

Grand Finale Fireworks Multiple-Step Income Statement For the Month ended January 31, 2018 Total revenue $0 Total operating expenses 0 0 $0 This is what I have but it doesn't seem right Grand Finale Fireworks Classified Balance Sheet January 31, 2018 Assets Liabilities Current Assets: Current Liabilities: Cash $86,580 Accounts payable $3,700 Accounts receivable 62,600 Utilities payable 0 Supplies 13,800 Income tax payable 0 Total Current Assets 162,980 Total Current Liabilities 3,700 Noncurrent Assets: Stockholders Equity Equipment 71,000 Common stock 19,100 Accumulated depreciation (9,700) Additional paid-in capital 128,500 Retained earnings 35,880 Treasury stock (4,000) Total Stockholders Equity 179,480 Total Assets $224,280 Total Liabilities & Stockholders Equity $183,180

Analyze the following for Grand Finale Fireworks: (a) Calculate the return on equity for the month of January. If the average return on equity for the industry for January is 2.50%, is the company more or less profitable than other companies in the same industry? The return on equity is: % Is the company more or less profitable than other companies? (b) How many shares of common stock are outstanding as of January 31, 2018? The number of common shares outstanding as of January 31, 2018 is (c) Calculate earnings per share for the month of January. (Hint: To calculate average shares of common stock outstanding take the beginning shares outstanding plus the ending shares outstanding and divide the total by 2.) If earnings per share was $2.40 last year (i.e., an average of $0.20 per month), is earnings per share for January 2018 better or worse than last years average? Earnings per share is: Is earnings per share for January 2018 better or worse than last years average?