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) $298,000 191,000 Income tax expense (all unpaid as of January 31) 32,900 Cash balance, January 31 66,250 Receivables from customers (all considered collectible) Merchandise inventory (by inventory count at cost) 32,900 95,800 Payables to suppliers for merchandise purchased from them 26,850 (will be paid during February current year) Common stock 61,100 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. Income Statement Balance sheet Complete the following statements: PAINTER CORPORATION Assets Balance Sheet Cash Receivables from customers Merchandise inventory Total assets Liabilities Payables to suppliers Income taxes payable Total liabilities Stockholders' Equity Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity < Income Statement Balance sheet >