Painter Corporation was organized by five individuals on January 1,2013 . At the end of January 2013 , the following monthly financial data are available: No dividends were declared or paid during 2013. PAINTER CORPORATION Balance Sheet At January 31, 2013 Assets \begin{tabular}{|l|} \hline Cash \\ Receivables from customers \\ Merchandise inventory \\ \hline Tolal assets: \\ \hline Liablitibs \\ \hline Payables to suppliers \\ \hline Income taxes payable \\ \hline Total liabilitios \\ \hline Stockholders' Equity \\ \hline Common stock \\ \hline Retained earnings \\ \hline Total stockholders' equity \\ \hline Total liabilities and stockholders' equity \\ \hline \end{tabular} Required: Complete the following two statements