Five individuals organized Miami Music Corporation on January 1. At the end of January 31, the following monthly financial data are available: Total Revenues Operating Expenses Cash Accounts Receivable Supplies Accounts Payable Common Stock $ 138,000 91,200 34,300 26,000 42,100 21,500 34,100 No dividends were declared or paid during January 3-a. Does Miami Music Corporation have sufficient resources to pay its liabilities? Yes O No 3-b. Which financial statement indicates this? O Income Statement Statement of Retained Earnings Balance Sheet Statement of Cash Flows