Stacey's Piano Rebuilding Company has been operating for one year. At the start of the second year, its income statement accounts had zero balances and its balance sheet account balances were as follows:

Cash	$	6,500	Accounts payable	$	9,400
Accounts receivable		30,100	Unearned revenue		3,740
Supplies		1,440	Long-term note payable		47,600
Equipment		9,900	Common stock		198
Land		8,000	Additional paid-in capital		792
Building		24,200	Retained earnings		18,410

1. Rebuilt and delivered five pianos in January to customers who paid $18,700 in cash.
2. Received a $540 deposit from a customer who wanted her piano rebuilt.
3. Rented a part of the building to a bicycle repair shop; received $840 for rent in January.
4. Received $7,300 from customers as payment on their accounts.
5. Received an electric and gas utility bill for $430 to be paid in February.
6. Ordered $890 in supplies.
7. Paid $1,940 on account in January.
8. Received from the home of Stacey Eddy, the major shareholder, a $990 tool (equipment) to use in the business in exchange for 150 shares of $1 par value stock.
9. Paid $14,600 in wages to employees who worked in January.
10. Declared and paid a $2,000 dividend (reduce Retained Earnings and Cash).
11. Received and paid cash for the supplies in (f).

Required:

Prepare an unadjusted classified income statement for January of the second year (ignore income taxes).

STACEY'S PIANO REBUILDING COMPANY Income Statement (unadjusted) Operating revenues: Total operating revenues Operating expenses: Total operating expenses Other item