Analytics Corporation was organized on January 1, current year. At the end of the current year,...

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Analytics Corporation was organized on January 1, current year. At the end of the current year, the following financial data are available: Total revenues Total expenses (excluding income taxes) $ 299,000 184,000 Income tax expense (all unpaid as of December 31) 34,500 Cash 70,150 Receivables from customers (all considered collectible) Merchandise inventory (by inventory count at cost) 34,500 96,600 Payables to suppliers for merchandise purchased from them (will be paid during the following year) 26,450 59,800 Common stock No dividends were declared or paid during the first year. Required: Complete the following two statements: Complete this question by entering your answers in the tabs below. Income Statement Balance sheet Complete the following statement: ANALYTICS CORPORATION Income Statement Total revenues Less: Total expenses (excluding income tax) Pretax income Less: Income tax expense Net income Income Stenton Balance sheet > Analytics Corporation was organized on January 1, current year. At the end of the current year, the following financial data are available: Total revenues Total expenses (excluding income taxes) $ 299,000 184,000 Income tax expense (all unpaid as of December 31) 34,500 Cash 70,150 Receivables from customers (all considered collectible) Merchandise inventory (by inventory count at cost) 34,500 96,600 Payables to suppliers for merchandise purchased from them (will be paid during the following year) 26,450 59,800 Common stock No dividends were declared or paid during the first year. Required: Complete the following two statements: Complete this question by entering your answers in the tabs below. Income Statement Balance sheet Complete the following statement: ANALYTICS CORPORATION Income Statement Total revenues Less: Total expenses (excluding income tax) Pretax income Less: Income tax expense Net income Income Stenton Balance sheet >

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