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: a. Rebuilt and delivered five pianos in January to customers who paid $19,000 in cash. b. Received a $600 deposit from a customer who wanted her piano rebuilt. c. Rented a part of the building to a bicycle repair shop; received $850 for rent in January. d. Received $7,200 from customers as payment on their accounts. e. Received an electric and gas utility bill for $400 to be paid in February. f. Ordered $960 in supplies. g. Paid $2,300 on account in January. h. Received from the home of Stacey Eddy, the major shareholder, a $920 tool (equipment) to use in the business in exchanre for 1nn charec of $1 nar valule ctnck \begin{tabular}{|c|r|} \hline Total operating revenues & 19,000 \\ \hline Operating expenses: & \\ \hline Wages expense & 16,500 \\ \hline & \\ \hline & \\ \hline & \\ \hline Total operating expenses & 16,500 \\ \hline & 2,500 \\ \hline Other items: & \\ \hline & \\ \hline & \\ \hline & 2,630 \\ \hline \end{tabular} h. Received from the home of Stacey Eddy, the major shareholder, a $920 tool (equipment) to use in the business in exchange for 100 shares of $1 par value stock. i. Paid $16,500 in wages to employees who worked in January. j. Declared and paid a $2,200 dividend (reduce Retained Earnings and Cash). k. Received and paid cash for the supplies in (f). I. Paid $320 in interest expense on the long-term note payable. Required: Prepare an unadjusted classified income statement for January of the second year (ignore income taxes). \begin{tabular}{|l|r|} \hline \multicolumn{2}{|c|}{ STACEY'S PIANO REBUILDING COMPANY } \\ \hline \multicolumn{2}{|c|}{ Income Statement (unadjusted) } \\ \hline For the Month Ended January 31 , Year 2 \\ \hline Operating revenues: & \\ \hline Miscellaneous expenses & $19,000 \\ \hline Other assets and intangibles & \\ \hline Total operating revenues & 19,000 \\ \hline Operating expenses: & 16,500 \\ \hline Wages expense & \\ \hline \multicolumn{2}{|c|}{} \\ \hline Total operating expenses \\ \hline \end{tabular}