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) Income tax expense (all unpaid as of January 31) Cash balance, January 31 Receivables from customers (all considered collectible) Merchandise inventory (by inventory count at cost). Payables to suppliers for merchandise purchased from them (will be paid during February of the 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. $306,000 194.000 33,200 65,150 33,200 95,900 27,750 $4,500 Income Statement Balance sheet Complete the following statement: PAINTER CORPORATION Income Statement Total revenues Less Total expenses (excluding income tax