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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 ,

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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: 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. Recelved $6,000 from customers as payment on their accounts. f. Recelved an electric and gas utility bill for $350 for January services to be paid in February. 9. 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. 1. Recelved 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. If there are no dividends, include a line that reports Dlvidends of zero. 5-c. Prepare a classified balance sheet at January 31. Prepare an income statement for the month ended and at January 31. Prepare a statement of retained earnings for the month ended and at January 31 . If there are no dividends, include a line that reports Dividends of zero. Prepare a classified balance sheet at Januaru 31

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