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 custoners (all considered collectible) Merchandise Inventory (by inventory count at cont) Payables to suppliers for merchandise purchased from the (will be paid during February current year) Common stock $300,000 195.000 32,700 67,150 32,700 95,000 27.050 62.600 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 Income Statement Total revenues Less: Total expenses (excluding income tax) Pretax income Less: Income tax expenso Net income Pointer 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) Tncome tax expense (all unpaid as of January 31) Cash balance, January 31 Receivables from customers (all considered collectible) Merchandise Inventory (by inventory count at coat) Payables to suppliers for merchandise purchased from then (will be paid during February current year) Common stock $300,000 195,000 32,700 67,150 32,700 95,000 27,050 62,500 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 Balance Sheet Assets Cash Receivables from customers Merchandise inventory Total assets