Required information [The following information applies to the questions displayed below.) Five individuals organized Miami Music Corporation on January 1. At the end of January 31, the following monthly financial data are available: Total Revenues Operating Expenses Cash Accounts Receivable Supplies Accounts Payable Common Stock $144,000 91,800 37,300 26,600 43,300 17,900 37,100 No dividends were declared or paid during January Required: 1. Complete the following income statement and balance sheet for the month of January Of3 Required: 1. Complete the following income statement and balance sheet for the month of January Complete this question by entering your answers in the tabs below. Income Statement Balance Sheet Prepare an income statement for the month of January. ces MIAMI MUSIC CORPORATION Income Statement For the Month Ended January 31 Total Revenues Operating Expenses Net Income Required: of 3 1. Complete the following income statement and balance sheet for the month of January. Complete this question by entering your answers in the tabs below. Income Statement Balance Sheet Prepare the balance sheet for the month of January. nces MIAMI MUSIC CORPORATION Balance Sheet At January 31 Assets Cash Accounts Receivable eivable Supplies Total Assets Liabilities Accounts Payable Total Liabilities Stockholders' Equity Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity