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 $ 306,000 Total expenses (excluding income taxes) Income tax expense (all unpaid as of January 189,000 33,700 31) Cash balance, January 31 65,350 Receivables from customers (all considered 33,700 collectible) Merchandise inventory (by inventory count at cost) 95,000 Payables to suppliers for merchandise purchased from them (will be paid during February of the current year) 28,450 Common stock 48,600 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 Stateme... Balance sheet Complete the following statement: PAINTER CORPORATION Total revenues Income Statement Less: Total expenses (excluding income tax) Pretax income Less: Income tax expense Net income < Income Statement Balance sheet > Assessment T $ Total revenues 306,000 Total expenses (excluding income taxes) 189,000 Income tax expense (all unpaid as of January 33,700 31) Cash balance, January 31 65,350 Receivables from customers (all considered collectible) 33,700 Merchandise inventory (by inventory count at cost) 95,000 Payables to suppliers for merchandise purchased from them (will be paid during February of the current year) 28,450 Common stock 48,600 es 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 Stateme... Balance sheet Complete the following statement: PAINTER CORPORATION Balance Sheet Assets 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