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 $ 147,000 92,100) 38,800 26,900 43,900 16,100 38,600 Common Stock No dividends were declared or paid during January. 3-a. Does Miami Music Corporation have sufficient resources to pay its liabilities? Yes O NO 3-b. Which financial statement indicates this? O Income Statement O Statement of Retained Earnings O Balance Sheet O Statement of Cash Flows