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 $ 147,000 92,100 Accounts Receivable Supplies Accounts Payable Common Stock 38,800 26,900 43,900 16,100 38,600 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. Income Statement Balance Sheet Prepare an income statement for the month of January. MIAMI MUSIC CORPORATION Income Statement For the Month Ended January 31 < Prev 00 9 10 of 18 Next >