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	$ 6,600	Accounts payable	$ 9,200
Accounts receivable	30,200	Unearned revenue	3,040
Supplies	1,450	Long-term note payable	47,700
Equipment	9,800	Common stock	186
Land	7,800	Additional paid-in capital	744
Building	24,900	Retained earnings	19,880

Rebuilt and delivered five pianos in January to customers who paid $18,500 in cash.

Received a $550 deposit from a customer who wanted her piano rebuilt.

Rented a part of the building to a bicycle repair shop; received $880 for rent in January.

Received $8,000 from customers as payment on their accounts.

Received an electric and gas utility bill for $460 to be paid in February.

Ordered $860 in supplies.

Paid $1,340 on account in January.

Received from the home of Stacey Eddy, the major shareholder, a $930 tool (equipment) to use in the business in exchange for 120 shares of $1 par value stock.

Paid $14,000 in wages to employees who worked in January.

Declared and paid a $2,300 dividend (reduce Retained Earnings and Cash).

Received and paid cash for the supplies in (f).

Paid $350 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).