Anderson Analytics Corporation was organized on January 1, current year. At the end of the current year, the following financial data are available: Total revenues $ 324,000 Total expenses (excluding income taxes) 197,000 Income tax expense (all unpaid as of December 31) 43,500 Cash 77,350 Receivables from customers (all considered collectible) 43,500 Merchandise inventory (by inventory count at cost) 105,600 Payables to suppliers for merchandise purchased from them (will be paid during the following year)