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: S Cash Accounts receivable Supplies Equipment Land Building $ 7.100 30.900 1,510 9.800 8.100 24.600 Accounts payable Unearned revenue Note payable (long-term) Common stock Retained earnings Additional paid-in capital 9.500 3.640 48,000 200 19.870 800 a. Rebuilt and delivered five pianos in January to customers who paid $18,600 in cash. b. Received a $510 deposit from a customer who wanted her piano rebuilt. c. Rented a part of the building to a bicycle repair shop, received $910 for rent in January. d. Received $7,500 from customers as payment on their accounts. e. Received an electric and gas utility bill for $460 to be paid in February f. Ordered $920 in supplies. g. Paid $1,540 on account in January h. Received from the home of Stacey Eddy, the major shareholder, a $1,000 tool (equipment) to use in the business in exchange for 110 shares of $1 par value stock. i. Paid $15,000 in wages to employees who worked in January 1 Declared and paid a $2,100dividend (reduce Retained Earnings and Cash). k. Received and paid cash for the supplies in (f). Required: Prepare an income statement for January 31 (ignore income taxes). STACEY'S PIANO REBUILDING COMPANY Income Statement (unadjusted) Operating revenues: 0 Total operating revenues Operating expenses: Total operating expenses 0 Other item: S