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On January 1, 2024, the general ledger of ACME Fireworks includes the following account balances: During January 2024, the following transactions occur: January 2 sold gift cards totaling $12,009. The cards are redeenable for merchandise within one year of the purchase date. January 6 . Purchase additional inventory on account, $167,000. AOAt uses the perpetual inventory systea. January is Firework sales for the first half of the nonth total \$155, e0e. All of these sates are on account, The cast of the units sold is $83,800. January 23 Receive $127,400 fron custoners on accounts recelvable. January 25 Pay $110,000 to inventory supptiers on accounts payabte. January 28 Write off accounts receivabte as uncollectible, 56,800 . January 30 Firework sales for the second hatf of the month total $163,000. Sales include $17,000 for cash and $146,003 on account. The cost of the units sold is $89,500. January 31 Pay cash for monthiy salaries, $54,000. The following information is ovallable on January 3t. 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 $5,200 and a two-year service life. b. The company records an adjusting entry for $17,340 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 $15.000. Journal entry worksheet Record sale of gift cards totaling $12,000. The cards are redeemable for merchandise within one year of the purchase date. Note: Enter debits before credits. \begin{tabular}{|c|c|c|} \hline \multicolumn{2}{|c|}{ ACME Fireworks } \\ \hline \multicolumn{2}{|c|}{ Income Statement } \\ \hline & & \\ \hline & & \\ \hline Gross Profit & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline Total Operating Expenses & & \\ \hline Operating Income & & \\ \hline \end{tabular} Using the information from the requirements above, complete the 'Analysis' tab. (Calculate the ratios to the neares places.)

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