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Rickys 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:

Cash	$	7,250		Accounts Payable	$	12,350
Accounts Receivable		33,000		Deferred Revenue (deposits)		4,200
Supplies		1,750		Notes Payable (long-term)		40,750
Equipment		10,500		Common Stock		11,000
Land		6,650		Retained Earnings		18,350
Building		27,500

Following are the January transactions:

1. Received a $900 deposit from a customer who wanted her piano rebuilt in February.
2. Rented a part of the building to a bicycle repair shop; $600 rent received for January.
3. Delivered five rebuilt pianos to customers who paid $12,300 in cash.
4. Delivered two rebuilt pianos to customers for $6,900 charged on account.
5. Received $4,900 from customers as payment on their accounts.
6. Received an electric and gas utility bill for $410 for January services to be paid in February.
7. Ordered $825 in supplies.
8. Paid $1,400 on account in January.
9. Paid $17,700 in wages to employees in January for work done this month.
10. Received and paid cash for the supplies in (g).

1. 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.

   5-c. Prepare a classified balance sheet for the month ended and at January 31.

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8.

The following accounts are taken from Kijijo Riding Corp., a company that specializes in occupational therapy and horseback riding lessons, as of December 31.

KIJIJO RIDING CORP.
Unadjusted Trial Balance
At December 31
Account Name	Debits				Credits
Cash	$	74,100
Accounts Receivable		7,250
Prepaid Insurance		9,000
Equipment		66,900
Land		37,050
Accounts Payable					$	33,850
Deferred Revenue						2,000
Notes Payable (long-term)						68,000
Common Stock						5,000
Retained Earnings						66,925
Dividends		0
Service Revenue						27,600
Salaries and Wages Expense		8,250
Repairs and Maintenance Expense		425
Office Expenses		400
Totals	$	203,375			$	203,375

Required:

1. Using the unadjusted trial balance provided, create an Income Statement for Kijijo Riding Corp., for the year ended December 31.

2. Using the unadjusted trial balance provided, create a Statement of Retained Earnings for Kijijo Riding Corp., for the year ended December 31.

3. Using the unadjusted trial balance provided, create a classified Balance Sheet for Kijijo Riding Corp., for the year ended December 31.