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

Total revenues $ $299,000$

Total expenses $($excluding income taxes$)184,000$

Income tax expense $($all unpaid as of December $31)34,500$

Cash $70,150$

Receivables from customers $($all considered collectible$)34,500$

Merchandise inventory $($by inventory count at cost$)96,600$

Payables to suppliers for merchandise purchased from them $($will be paid during the following year$)26,450$

Common stock $59,800$