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Ricky$$s Piano Rebuilding Company has been operating for one year. On January $1,$ at the start of its second year, its income statement accounts had zero balances and its balance sheet account balances were as follows:

Cash $ $6,750$ Accounts Payable $ $8,450$

Accounts Receivable $23,250$ Deferred Revenue $($deposits$)3,150$

Supplies $1,250$ Notes Payable $($long$-$term$)52,250$

Equipment $17,700$ Common Stock $10,500$

Land $10,700$ Retained Earnings $16,500$

Buildings $31,200$

Following are the January transactions:

Received a $$880$ deposit from a customer who wanted her piano rebuilt in February.

Rented a part of the building to a bicycle repair shop; $$405$ rent received for January.

Delivered five rebuilt pianos to customers who paid $$16,500$ in cash.

Delivered two rebuilt pianos to customers for $$8,400$ charged on account.

Received $$6,750$ from customers as payment on their accounts.

Received an electric and gas utility bill for $$455$ for January services to be paid in February.

Ordered $$1,270$ in supplies.

Paid $$1,550$ on account in January.

Paid $$11,300$ in wages to employees in January for work done this month.

Received and paid cash for the supplies in $($g$).$

$5-$a$.$ Prepare an income statement for the month ended and at January $31.$

$5-$b$.$ Prepare a statement of retained earnings for the month ended and at January $31.$ If there are no dividends, include a line that reports Dividends of zero.

$5-$c$.$ Prepare a classified balance sheet at January $31.$

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