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 $ 147,000 92,100 38,800 26,900 43,900 16,100 38,600 No dividends were declared or paid during January. a. Does Miami Music Corporation have sufficient resources to pay its liabilities? O Yes O No b. Which financial statement indicates this? O Income Statement O Statement of Retained Earnings O Balance Sheet O Statement of Cash Flows