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 $145,000 91,900 37,800 26,700 43,500 17,300 37,600 No dividends were declared or paid during January. 3-a. Does Miami Music Corporation have sufficient resources to pay its liabilities? Yes No 3-b. Which financial statement indicates this? Income Statement Statement of Retained Earnings Balance Sheet Statement of Cash Flows