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 $ 147,000 92,100 38,000 26,900 43,900 16,100 38,600 No dividends were declared or paid during January 2-a. Did Miami Music Corporation generate a profit? O Yes O No 2-b. Which financial statement indicates this? O Income Statement O Balance Sheet O Income Statement and Balance Sheet O None of these statements