Question: Please help me with req 5C Required information [The following information applies to the questions displayed below.] Ricky's Piano Rebuilding Company has been operating for

 Please help me with req 5C Required information [The following informationapplies to the questions displayed below.] Ricky's Piano Rebuilding Company has beenoperating for one year. On January 1, at the start of itssecond year, its income statement accounts had zero balances and its balance

Please help me with req 5C

Required information [The following information applies to the questions displayed below.] 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: Cash Accounts Receivable Supplies Equipment Land Building $ 6,000 Accounts Payable 25,000 Deferred Revenue (deposits) 1,200 Notes Payable (long-term) 8,000 Common Stock 6,000 Retained Earnings 22,000 $ 8,000 3,200 40,000 8,000 9,000 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. f. 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. i. Paid $10,000 in wages to employees in January for work done this month. j. Received and paid cash for the supplies in (g). 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. Req 5A Req 5B Req 5C Prepare an income statement for the month ended and RICKY'S PIANO REBUILDING COMPANY Income Statement For the Month Ended January 31 Revenues Rent Revenue Service Revenue Total Revenues Expenses 300 21,500 21,800 Salaries and Wages Expense Utilities Expense Total Expenses Net Income 0000 10,000 350 10,350 11,450 $ Req 5A Req 5B Req 5C Prepare a statement of retained earnings for th RICKY'S PIANO REBUILDING COMPANY Statement of Retained Earnings For the Month Ended January 31 Retained Earnings, January 1 $ 9,000 Add: Net Income 11,450 Less: Dividends Retained Earnings, January $ 20,450 31 Prepare a classified balance sheet for the month ended and at RICKY'S PIANO REBUILDING COMPANY Balance Sheet At January 31 Assets Current Assets Cash Accounts Receivable Total Current Assets Total Assets Liabilities Current Liabilities Accounts Payable Total Current Liabilities Total Liabilities Stockholders' Equity Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity S

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