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By analyzing the interrelationships among the four financial statements, determine the proper amounts for the missing items. Use the minus sign to indicate cash outflows,
By analyzing the interrelationships among the four financial statements, determine the proper amounts for the missing items. Use the minus sign to indicate cash outflows, cash payments, and decreases in cash in the Statement of Cash Flows. Fees earned Expenses: Wages expense Rent expense Wolverine Realty Income Statement. For the Month Ended April 30, 20YO $306,000 105,000 Supplies expense Utilities expense 22,000 Miscellaneous expense 28,000 Total expenses (489,000) $260,000 Net income Balances, April 1, 20YO Issued common stock. Net income Dividends Wolverine Realty Statement of Stockholders' Equity For the Month Ended April 30, 20YO Balances, April 30, 20YO Common Stock Retained Earnings $0 Total $0 $0 (120,000) (120,000) Cash Supplies Land Total assets Wolverine Realty Balance Sheet April 30, 20YO Assets $462,000 11,500 151,000 Liabilities Accounts payable $104,500 Stockholders' Equity Common stock $380,000 Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 00 qu Wolverine Realty Statement of Cash Flows For the Month Ended April 30, 20YO Cash flows from (used for) operating activities: Cash received from customers Cash paid for expenses and to creditors Net cash flows from operating activities Cash flows from (used for) investing activities: Cash paid for land Cash flows from (used for) financing activities: Cash received from issuing common stock Cash paid for dividends Net cash flows from financing activities Net increase (decrease) in cash Cash balance, April 1, 20YO Cash balance, April 30, 20YO (396,000)
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