Constructing Financial Statements from Transaction Data Baiman Corporation commences operations at the beginning of January. It provides its services on credit and bills its customers $35,000 for January sales. Its employees also earn January wages of $11,000 that are not paid until the first of February. Complete the following statements for the month-end of January. Do not use negative signs with answers, unless to indicate a net loss. Baiman Corporation Income Statement For the month ended January 31 Sales $ Wages expense Net income (loss) $ Baiman Corporation Balance Sheet January 31 Cash $ Accounts receivable Total assets $ Wages payable $ Retained earnings Total liabilities and equity $