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E3-10 (Algo) Preparing an Income Statement LO3.5 Stacey's Pisno Rebuilding Compony hos been opersting for one yeor. At the stort of the second yeor, its income statement occounts had zero bolances and its bolsnce sheet sccount bolances were as follows: a. Rebuilt and delivered five pisnos in Janusry to customers who poid $18,500 in cosh. b. Received o $550 deposit from o customer who wonted her piano rebuilt. c. Rented o port of the building to o bicycle repsir shop; received $860 for rent in Jonuary. d. Received $8,000 from customers as poyment on their accounts. e. Received on electric and gos utility bill for $500 to be poid in Februsry. f. Ordered $900 in supplies. g. Paid $2,040 on account in January. h. Received from the home of Stacey Eddy, the major shareholder, 8930 tool (equipment) to use in the business in exchange for 120 shares of $1 par value stock. i. Paid $14,500 in woges to employees who worked in Januory. j. Declored and paid o \$1,900 dividend (reduce Retained Earnings and Cosh). k. Received and poid cosh for the supplies in (f). I. Poid $350 in interest expense on the long-term note poyoble. Required: Prepore on unocjusted classified income statement for Jonuary of the second year (ignore income toxes)