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	$ 7,200	Accounts Payable	$ 8,650
Accounts Receivable	49,750	Deferred Revenue (deposits)	4,800
Supplies	1,800	Notes Payable (long-term)	63,000
Equipment	9,900	Common Stock	16,000
Land	6,600	Retained Earnings	7,700
Buildings	24,900

Following are the January transactions:

1. Received a $660 deposit from a customer who wanted her piano rebuilt in February.
2. Rented a part of the building to a bicycle repair shop; $480 rent received for January.
3. Delivered five rebuilt pianos to customers who paid $13,850 in cash.
4. Delivered two rebuilt pianos to customers for $7,200 charged on account.
5. Received $5,800 from customers as payment on their accounts.
6. Received an electric and gas utility bill for $390 for January services to be paid in February.
7. Ordered $1,285 in supplies.
8. Paid $2,400 on account in January.
9. Paid $13,100 in wages to employees in January for work done this month.
10. Received 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 Dividends of zero.

5-c. Prepare a classified balance sheet at January 31.

Prepare an income statement for the month ended anc 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 January 31. RICKY'S PIANO REBUILDING COMPANY Balance Sheet