Painter Corporation was organized by five individuals on January 1 of the current year. At the end of January of the current year, the following monthly financial data are available Total revenues. Total expenses (excluding income taxes) Cash balance, January 31 Income tax expense (all unpaid as of January 31) Receivables from customers (all considered collectible) Merchandise inventory (by inventory count at cost) Payables to suppliers for merchandise purchased from then (will be paid during February current year) Common stock No dividends were declared or paid during January Required: Complete the following two statements Complete this question by entering your answers in the tabs below. $289,000 183,000 33,500 65,950 33,500 95,200 28,950 59,700 Income Statement Balance sheet Complete the following statements: PAINTER CORPORATION Income Statement i For the Month Ended January 31, Current Year Total revenues Less Total expenses (excluding income tax) Pretax income Less: Income tax expense Net income $ 289.000 Balance sheet>