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Painter Corporation was organized by five individuals on January 1, 2013. At the end of January 2013, the following monthly financial data are available: Total

Painter Corporation was organized by five individuals on January 1, 2013. At the end of January 2013, the following monthly financial data are available:

Total revenues $ 294,000
Total expenses (excluding income taxes) 179,000
Income tax expense (all unpaid as of January 31) 33,500
Cash balance, January 31, 2013 67,050
Receivables from customers (all considered collectible) 33,500
Merchandise inventory (by inventory count at cost) 96,500
Payables to suppliers for merchandise purchased from them (will be paid during February 2013) 27,950
Common stock (2,600 shares) 54,100

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image text in transcribed How will I complete this statement?

PAINTER CORPORATION Income Statement For the Month of January 2013 Total revenues Less: Total expenses (excluding income tax) Pretax income Less: Income tax expense Net income

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