Ricky's 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 Accounts Receivable Supplies Equipment Land Building $ 7,100 Accounts Payable 29,750 Deferred Revenue (deposits) 2,200 Notes Payable (long-term) 11, 200 Common Stock 9,800 Retained Earnings 22,600 $12,500 3,550 42,250 17,000 7,350 Following are the January transactions: a. Received a $795 deposit from a customer who wanted her piano rebuilt in February. b. Rented a part of the building to a bicycle repair shop; $545 rent received for January c. Delivered five rebuilt pianos to customers who paid $14,425 in cash. d. Delivered two rebuilt pianos to customers for $7,600 charged on account. e. Received $6,400 from customers as payment on their accounts. f. Received an electric and gas utility bill for $750 for January services to be paid in February. g. Ordered $1,140 in supplies. h. Paid $3,400 on account in January. i. Paid $16,900 in wages to employees in January for work done this month. j. Received and paid cash for the supplies in (g). Prepare an income statement for the month ended and at January 31. - Prepare a statement of retained earnings for the month ended and at January 31. - Prepare a classified balance sheet for the month ended and at January 31. Req 5A Req 5B Req 5C Prepare an income statement for the month ended and at RICKY'S PIANO REBUILDING COMPANY Income Statement For the Month Ended January 31 Revenues Service Revenue $ 22,025 5 45 22,570 Rent Revenue Total Revenues Expenses Salaries and Wages Expense Utilities Expense 16.900 750 17,650 Total Expenses Net Income complete this questloh by ehteping your answi Req 5A Reg 5B Req 5C Prepare a statement of retained earnings for the mor RICKY'S PIANO REBUILDING COMPANY Statement of Retained Earnings Retained Earnings, January 1 $ 7,350 Less: Dividends Retained Earnings, January 31 RICKY'S PIANO REBUILDING COMPANY Balance Sheet