Complete the accounting cycle (lo9-2, 9-8) the following informauon applies to the questions displayed below. j on january 1, 2018, the general ledger of freedom fireworks includes the followlng account balances: accounts debit credit 13,200 cash 38,000 accounts receivable 154.000 inventory 87.300 land buildings 140,000 3,800 allowance for uncollectible accounts accumulated depreciation 600 39.700 accounts payable common stock 220.000 157400 retained earnings totals $432,500 $432,500 during january 2018, the following transactions occur: january 1 borrow $120,000 from captive credit corporatlon. the installment note bears interest at 5% annually and matures in 5 years. payments of $2180 are required at the end of each month for 60 months. january 4 receive $33,000 from customers on accounts recelvable. january 10 pay cash on accounts payable, $31,000. january 15 pay cash for salaries, $30,900. january 30 firework sales for the month total $206,000. sales include $67000 for cash and $139,000 on account. the cost of the units sold ls $122,500. january 31 pay the first monthly installment of $2.180 related to the $120,000 borrowed on january 1. round your interest calculatlon to the nearest dollar. references section break exercise 9-19 complete the accounting cycle (lo9-2, 9-8)