painter corporation was organized by five individuals on January 1 of the current year at the end of the January of current year the following monthly financial data are available please complete the following two statements income statement and balance sheet.

Help Sa 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 current year) Common stock $3e2,eee 192,000 32,700 66,450 32,700 95,600 27,05 57,700 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 Unit One Instructio.docx 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 current year) Common stock $382,000 192,000 32,700 66,450 32,700 95,600 27,85e 57,7ee 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