Part 3 of 3 05 pints 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 $ 7,100 Accounts payable $ 9,000 Accounts receivable 30,100 Unearned revenue 2,948 Supplies 1,510 Long-term note payable 47,800 Equipment 10,200 Common stock 1,540 Land Building 7,700 26,600 Additional paid-in capital Retained earnings 6,160 15,770 a. Rebuilt and delivered five pianos in January to customers who paid $18,600 in cash. b. Received a $510 deposit from a customer who wanted her plano rebuilt. c. Rented a part of the building to a bicycle repair shop; received $910 for rent in January. d. Received $7,200 from customers as payment on their accounts. e. Received an electric and gas utility bill for $420 to be paid in February. 1. Ordered $920 in supplies. g. Paid $1,340 on account in January. h. Received from the home of Stacey Eddy, the major shareholder, a $1,000 tool (equipment) to use in the business in exchange for 110 shares of $1 par value stock. i. Paid $14,600 in wages to employees who worked in January. J. Declared and paid a $2,100 dividend (reduce Retained Earnings and Cash). k. Received and paid cash for the supplies in (1). ces as payment on their accounts. e. Received an electric and gas utility bill for $420 to be paid in February. f. Ordered $920 in supplies. g. Paid $1,340 on account in January. Telin January. h. Received from the home of Stacey Eddy, the major shareholder, a $1,000 tool (equipment) to use in the busine exchange for 110 shares of $1 par value stock. i. Paid $14,600 in wages to employees who worked in January. j. Declared and paid a $2,100 dividend (reduce Retained Earnings and Cash). k. Received and paid cash for the supplies in (f). 4. What is net income if Stacey's used the cash basis of accounting? Net income