Analytics Corporation was organized on January 1, current year. At the end of the current year, the following financial data are available:

No dividends were declared or paid during the first year.

Required:
Complete the following two statements:

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Total revenues Total expenses (excluding income taxes) Income tax expense (all unpaid as of December 31) Cash Receivables from customers (all considered collectible) Merchandise inventory (by inventory count at cost) Payables to suppliers for merchandise purchased from them (will be paid during the following year) Common stock $299,000 184,000 34,500 70,150 34,500 96,600 26,450 59,800