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2 please Missing amounts from financial statements The financial statements at the end of Atlas Realty's first month of operations follow: By analyzing the interrelationships
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Missing amounts from financial statements The financial statements at the end of Atlas Realty's first month of operations follow: By analyzing the interrelationships among the four financial statements, determine the missing amounts. If a net loss is incurred or dividends were paid, enter that amount as a negative number using a minus sign Atlas Realty Income Statement For the Month Ended May 31, 2046 Fees earned $400,000 Expenses: Wages expense 203,200 Rent expense 48,000 Supplies expense 17,600 Utilities expense 14,400 Miscellaneous expense 4,800 Total expenses (288,000) 112,000 Net income Atlas Realty Statement of Stockholders' Equity For the Month Ended May 31, 2016 Common Stock Retained Earnings $0 $0 Total $0 Balances, May 1, 20Y6 Issued common stock 160,000 160,000 Net income 112,000 V 272,000 X Dividends 112,000 272,000 x 208,000 $ $ 160,000 64,000 X Balances, May 31, 2016 Step by Step Solution
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