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Stacey's Plano 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 Accounts receivable. Supplies Equipment Land Building $ 6,800 30, 200 1,510 9,700 7,300 27,600 Accounts payable Unearned revenue Long-term note payable Common stock Additional paid-in capital Retained earnings $ 8,900 3,340 47,500 200 800 22,370 a. Rebuilt and delivered five pianos in January to customers who paid $18,500 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 $880 for rent in January d. Received $7,900 from customers as payment on their accounts. e. Received an electric and gas utility bill for $490 to be paid in February. t Ordered $870 in supplies. g. Paid $1,940 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 150 shares of $1 par value stock. L. Paid $14,600 in wages to employees who worked in January. J. Declared and paid a $2,000 dividend (reduce Retained Earnings and Cash). k. 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)

1 10 points Required: Prepare an unadjusted classified income statement for January of the second year (ign Answer is not complete. STACEY'S PIANO REBUILDING COMPANY Income Statement (unadjusted) For the Month Ended January 31 Operating revenues: Rebuilding fees revenue Rent revenue Total operating revenues Operating expenses: Accounts payable Utilities expense Supplies Total operating expenses Other item: x $ 18,500 880 19,380 8,900 490 1,510 X 10,900 0

Required: Prepare an unadjusted classified income statement for January of the second STACEY'S PIANO REBUILDING COMPANY Income Statement (unadjusted) For the Month Ended January 31 Operating revenues: Rebuilding fees revenue Total operating revenues Operating expenses: Total operating expenses Other item: $ $ 18,500 18,500 0 0