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 $131.680 9e, see 30,880 25,380 40.700 25,700 38,689 No dividends were declared or pald during January 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 MIAMI MUSIC CORPORATION Income Statement For the Month Ended January 31 Total Revenues Operating Expenses Net Income Required information [The following information applies to the questions clepleed below) Prve invisis organised Miami Music Corporation on January the end of January 31 the following monthly financie Accounts receivable Accounts Payabile Co Stock No dividends were declared or paid during January 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. Incore utanca Shad Prepare the balance sheet for the month of January MAM MUBIC CORPORATION Balance Sheet At January 31 Liebes Borders uit 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 Accounts Receivable Supplies Accounts Payable Common Stock $131.ee 99.5as 38,888 25,300 40,790 25, 20e 38.688 No dividends were declared or paid during January 2-a. Did Miami Music Corporation generate a profit? Yes No 2-b. Which financial statement indicates this? Income Statement Statement of Retained Earnings Balance Sheet Statement of Cash Flows 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 $131,000 99.500 30. see 25,300 40,790 25,790 38,689 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