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 Accounts receivable Supplies Equipment $ 7,000 30, 30e 1,490 10,500 7,488 26,700 Accounts payable Unearned revenue Long-term note payable Common stock Additional paid-in capital Retained earnings $ 8,900 3,640 47,280 1,520 6,080 16,95 Land Building a. Rebuilt and delivered five pianos in January to customers who paid $19,300 in cash. b. Received a $510 deposit from a customer who wanted her piano rebuilt. c. Rented a part of the building to a bicycle repair shop: received $820 for rent in January d. Received $7,600 from customers as payment on their accounts, e. Received an electric and gas utility bill for $490 to be paid in February 1. Ordered $890 in supplies. g. Paid $2,040 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 140 shares of $1 por value stock. i. Paid $14.300 in wages to employees who worked in January j. Declared and paid a $1,800 dividend (reduce Retained Earnings and Cash). k. Received and paid cash for the supplies in 4. What is net income if Stacey's used the cash basis of accounting? el income