Analytics Corporation was organized on January 1, current year. At the end of the current year, the following financial data are available: Total revenues $ 306,000 Total expenses (excluding income taxes) 188,000 Income tax expense (all unpaid as of December 31) 39,000 Cash 73,750 Receivables from customers (all considered collectible) 39,000 Merchandise inventory (by inventory count at cost) 101,100 Payables to suppliers for merchandise purchased from them (will be paid during the following year) 34,250 Common stock 61,600