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	$	6,000		Accounts Payable	$	8,000
Accounts Receivable		25,000		Deferred Revenue (deposits)		3,200
Supplies		1,200		Notes Payable (long-term)		40,000
Equipment		8,000		Common Stock		8,000
Land		6,000		Retained Earnings		9,000
Building		22,000

Following are the January transactions:

1. Received a $500 deposit from a customer who wanted her piano rebuilt in February.
2. Rented a part of the building to a bicycle repair shop; $300 rent received for January.
3. Delivered five rebuilt pianos to customers who paid $14,500 in cash.
4. Delivered two rebuilt pianos to customers for $7,000 charged on account.
5. Received $6,000 from customers as payment on their accounts.
6. Received an electric and gas utility bill for $350 for January services to be paid in February.
7. Ordered $800 in supplies.
8. Paid $1,700 on account in January.
9. Paid $10,000 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.