CALCULATE NET INCOME AT THE END AS WELL AS THE A,L, and SE

Required information [The following information applies to the questions displayed below.] Stacey's Piano Rebuilding Company has been operating for one year. At the start of the second year, its income statement accounts had zero balances and its balance sheet account balances were as follows: Cash $ 6,800 30,900 Accounts payable Unearned revenue 9,100 3,140 Accounts receivable Supplies 1,440 47,300 Long-term note payable Common stock 9,800 1,700 Equipment Land 7,500 Additional paid-in capital Retained earnings 6,800 15, 200 Building 26,800 a. Rebuilt and delivered five pianos in January to customers who paid $19,000 in cash. b. Received a $560 deposit from a customer who wanted her piano rebuilt. c. Rented a part of the building to a bicycle repair shop; received $900 for rent in January. d. Received $7,300 from customers as payment on their accounts. e. Received an electric and gas utility bill for $500 to be paid in February. f. Ordered $890 in supplies. g. Paid $1,940 on account in January. h. Received from the home of Stacey Eddy, the major shareholder, a $970 tool (equipment) to use in the business in exchange for 110 shares of $1 par value stock. i. Paid $14,900 in wages to employees who worked in January. j. Declared and paid a $2,300 dividend (reduce Retained Earnings and Cash). k. Received and paid cash for the supplies in (f). 3. Using the data from the T-accounts, amounts for the following at the end of January of the second year, were: Revenues $ 19,900 Expenses $ 15,400 = Net income $ 4,500 Assets Liabilities Stockholders' equity