painter corporation was

File Edit View History Window Help Painter Corporation was organized by five individuals on January 1 of the current year. At the end of January of the current year, the foll Total revenues Total expenses (excluding income taxos) Income tax experse (al unpaid as of January 31) Cash balanoe, January 31 Receivables from customers (all considered collectible) Merchandise inventory (by inventory count at cost) Payables to suppliers for merchandise purchased from them $ 294,000 181,000 33,400 66,950 33,400 95,700 (will be paid during February oument year) Common stock 27.450 54,600 No dividends were declared or paid during January Required: Complete the following two statements: Income Statement $ 294 181 Less: Total expenses (excluding income tax) Pretax income MacBook