On January 1, 2021, the general ledger of Boomer Company includes the following account balances: Credit Accounts Cash Accounts Receivable Allowance for Uncollectible Accounts Inventory Building Accumulated Depreciation Land Accounts Payable Notes Payable (7%, due in 3 years) Common Stock Retained Earnings Totals Debit $ 76,000 47,000 36,000 76,000 206,000 $ 7,000 16,000 26,000 42,000 106,000 244,000 $441,000 $441,000 The $36,000 beginning balance of inventory consists of 400 units, each costing $90. During January 2021, the following transactions occurred: January 2 Received a $26,000 6-month, 6% note on a loan Boomer made to Cowboys, Inc. January 5 Purchased 3,800 units of inventory on account for $380,000 ($100 each) with terms 1/10, n/30. January 8 Returned 140 defective units of inventory purchased on January 5. January 15 Sold 3,600 units of inventory on account for $432,000 ($120 each) with terms 2/10, n/30. Record 2 entries for this transaction. January 17 Customers returned 100 units sold on January 15. These units were originally purchased by Boomer on January 5. The units were placed in inventory to be sold in the future. Record 2 entries for this transaction. January 20 Received cash from customers on accounts receivable. This amount includes $42,000 from 2020 plus amount receivable on sale of 3,000 units sold on January 15. January 21 Wrote off remaining accounts receivable from 2020. January 24 Paid on accounts payable. The amount includes the amount owed at the beginning of the period plus the amount owed from purchase of 3,400 units on January 5. January 28 Paid cash for salaries during January, $34,000. January 29 Paid cash for utilities during January, $16,000. January 30 Paid dividends, $9,000. The following information is available on January 31, 2021 for adjusting entries at the end of the month. a. Boomer estimated that 10% of the January 31 accounts receivable balance will not be collected. b. Accrued interest on notes receivable for January. c. Accrued interest on notes payable for January. d. Accrued income taxes at the end of January for $5,600. e. Depreciation on the building, $2,600.