Act Inc. began operations on June 1, 2017. The financial statements for the company are shown below for the month ended June 30, 2017 (the first month of operations). Determine the missing amounts for letters (a) through (o). Hint: Start at the bottom and work your way up.

Act Inc Income Statement For the Month Ended June 30, 2017
Fees earned		$37,000
Operating expenses:
Wages expense	$15,250
Rent expense	(a)
Supplies expense	4,600
Utilities expense	400
Miscellaneous expense	1,250
Total operating expenses		(b)
Net income		$ (c)

Act Inc Retained Earnings Statement For the Month Ended June 30, 2017
Retained Earnings, June 1, 2017		0
Net income	$ (d)
Less dividends	4,000
Increase in retained earnings		(e)
Retained Earnings, June 30, 2017		$ (f)

Act Inc Balance Sheet June 30, 2017
Assets			Liabilities
Cash	$ (g)		Accounts payable	$ (i)
Supplies	8,100		Stockholders Equity
Land	(h)		Capital stock $ (j)
Total assets	$55,900		Retained earnings (k)
			Total stockholders equity	38,100
			Total liabilities and stockholders equity	$ (l)

Act Inc Statement of Cash Flows For the Month Ended June 30, 2017
Cash flows from operating activities:
Cash received from customers	$33,000
Deduct cash payments for expenses and payments to creditors	14,200
Net cash flow from operating activities		$ (m)
Cash flows from investing activities:
Cash payments for acquisition of land		(17,000)
Cash flows from financing activities:
Cash received from sale of capital stock	$ (n)
Deduct cash dividends	(o)
Net cash flow from financing activities		(p)
Net cash flow and June 30, 2017, cash balance		$ (q)