Required information E1-9 Preparing an Income Statement and Balance Sh [The following information applies to the questions displayed Five individuals organized Miami Music Corporation on January data are available: Total Revenues Operating Expenses Cash Accounts Receivable Supplies Accounts Payable Common Stock $147,000 92,100 38,800 26,900 43,900 16,100 38,600 No dividends were declared or paid during January. E1-9 Part 1 Required: 1. Complete the following income statement and balance sheet for the mont Miran Required information Complete this question by entering your answe. 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 income statement Vannaran. Required information Complete this question by entering your answers in th Income Statement Balance Sheet Prepare the balance sheet for the month of January. MIAMI MUSIC CORPORATION Balance Sheet At January 31 Assets Cash Accounts Receivable Supplies Total Assets $ Liabilities Accounts Payable Total Liabilities Stockholders' Equity Common Stock Retained Earnings 0