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 Land Building $ 7,000 30,300 1,490 10,500 7,480 26,700 Accounts payable Unearned revenue Long-term note payable Common stock Additional paid-in capital Retained earnings $ 8,900 3,640 47,200 1,52e 6,089 16,050 o. 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 f. 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 par 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 (1) - 3. Using the data from the T-accounts, amounts for the following at the end of January of the second year, were: Revenues - Expenses -Net income Assal Liabilities Stockholders equity Required Information Answer is complete and correct. Part 1 of 3 Cash 7,000 Beg Bal Accounts Receivable 30,300 7,600 id) 19.300 10 points Beg Bal (a) (h) c) ed 510 2,040 14.300 1 800 890 End Bal 22,700 820 7.600 10 (k) SO End. Bal 16,200 Supplies Beg Bal 1.490 290 Equipment 10.500 970 Beg Bal ON End Bal 2.380 End. Bal 11.470 Burning Beg Bal 7.400 Beg Bal 26.700 End. Bal 7.400 End. Bal 26.700 Accounts Payable Uneared Revenue 3,640 Beg Bal 8.900 Beg Bal o 510 490) 12 [b] 2,040 7,350 End. BAL 4,150 End Bal Long-term Note Payable 47,200 Common stock 1.620 140 Beg Bal Beg, CG 47 200 End Da 1,660 End. Bal Acartonal Paldin Capital Retained Earninga 16,050 S Beg Bal 6,00 BeoBa 00 830 o th 14,250 End. Bal 6,010 End B Rant Reve Rebuilding Fees Revenge Beg Bal Dag Ba 19,00 820 End. Bal 10,300 End. Bal. Umbes Expat wages Expense 400 02 ce End Dal 14,300 End