Chapter 3 Homework Saved Help Save& Exit Check n Ricky's Piano Rebuilding Company has been operating for one year. On January 1, at the start of its second year, its income statement accounts had zero balances and its balance sheet account balances were as follows: Part 4 of4 Cash Accounts Receivable Supplies Equipment Land Duilding $ 6,000 Accounts Payable 9 8,000 3,200 40,000 8,000 9,000 25,000 Deferred Revenue (deposits) 1,200 Notes Payable (long-term) 8,000 Common Stock 6,000 Retained Earnings points 22,000 Book Hint Print Following are the January transactions a. Received a $500 deposit from a customer who wanted her piano rebuilt in February b. Rented a part of the building to a bicycle repair shop: $300 rent received for January c. Delivered five rebuilt pianos to customers who paid $14,500 in cash. d. Delivered two rebuilt pianos to customers for $7,000 charged on account. e. Received $6,000 from customers as payment on their accounts t. Received an electric and gas utility bill for $350 for January services to be paid in February g Ordered $800 in supplies h. Paid $1,700 on account in January L. Paid $10,000 in wages to employees in January for work done this month j, Received and paid cash for the supplies in KPrev7 Next> Chapter 3 Homework Saved Help 7 5-a. Prepare an income statement for the month ended and at January 31. 5-b. Prepare a statement of retained earnings for the month ended and at January 31 5-c. Prepare a classified balance sheet for the month ended and at January 31. Part 4 of 4 Complete this question by entering your answers in the tabs below points Req 5A Req 58 Req 5C eBook Hint Print References Prepare an income statement for the month ended and at January 31. RICKY'S PIANO REBUILDING COMPANY Income Statement Pe of Next 7 of 10 Next >