Baiman Corporation commences operations at the beginning of January. It provides its services on credit and bills its customers $30,000 for January sales. Its employees also earn January wages of $12,000 that are not paid until the first of February. Complete the following statements for the month-end of January.

Sales	$Answer
Wages Expense	Answer
Net Income (Loss)	$Answer

Cash	$8,000
Accounts Receivable	Answer
Total Assets	$Answer
Wages Payable	$Answer
Common Stock	8,000
Retained Earnings	Answer
Total Liabilities and Equity	$Answer