$123,500 12,400 Atlas Realty Balance Sheet May 31, 2016 Assets Cash Supplies Land Total assets Liabilities Accounts payable Stockholders' Equity Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $61,400 Atlas Realty Statement of Cash Flows For the Month Ended May 31, 2016 Cash flows from (used for) operating activities: Cash received from customers Cash paid for expenses and to creditors (241,500) Net cash flows from operating activities Cash flows from (used for) investing activities: Cash paid for acquisition of land Cash flows from (used for) financing activities: Cash received from issuing common stock $150,000 Cash paid for dividends (60,000) Net cash flows from financing activities Net increase (decrease) in cash Cash balance, May 1, 2046 Cash balance, May 31, 2016 (124,000) 3. EX.01.22 Financial Statements