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 $ 5,800 Accounts Payable 33,750 Deferred Revenue (deposits) 1,400 Notes Payable (long-term) 14,800 Common Stock 8,700 Retained Earnings 25,000 $10,050 4,600 57,250 13,500 4,050 Following are the January transactions: a. Received a $955 deposit from a customer who wanted her piano rebuilt in February. b. Rented a part of the building to a bicycle repair shop: $385 rent received for January. c. Delivered five rebuilt pianos to customers who paid $17,275 in cash. d. Delivered two rebuilt pianos to customers for $8,800 charged on account. e. Received $5,950 from customers as payment on their accounts. f. Received an electric and gas utility bill for $720 for January services to be paid in February. g. Ordered $885 in supplies. h. Paid $2,200 on account in January. i. Paid $19,200 in wages to employees in January for work done this month. j. Received and paid cash for the supplies in (g). -13 Part 5 Complete this question by entering your answers in the tabs below. Req 5A Req 5B Reg 50 Prepare an income statement for the month ended and at January 31. RICKY'S PIANO REBUILDING COMPANY Income Statement 0 0 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. Complete this question by entering your answers in the tabs below. Req 5A Req 5B Req 5C Prepare a statement of retained earnings for the month ended and at January 31. RICKY'S PIANO REBUILDING COMPANY Statement of Retained Earnings Retained Earnings, January 1 Retained Earnings, January 31 0 $ 0 0 0 0 0 $