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he financial statements at the end of Atlas Realty's first month of operations follow: Required: Question Content Area Analyze the interrelationships among the four financial

he financial statements at the end of Atlas Realty's first month of operations follow:

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Question Content Area

Analyze the interrelationships among the four financial statements and enter the missing amounts. If an amount is zero, enter "0".

Atlas Realty Income Statement For the Month Ended May 31, 20Y3
Fees earned $400,000
Expenses:
Wages expense $fill in the blank 9067a0fef06b01a_1(a)
Rent expense 48,000
Supplies expense 17,600
Utilities expense 14,400
Miscellaneous expense 4,800
Total expenses 288,000
Net income $fill in the blank 9067a0fef06b01a_2(b)

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Atlas Realty Statement of Owner's Equity For the Month Ended May 31, 20Y3
LuAnn Martin, capital, May 1, 20Y3 $fill in the blank f41799088ffffc8_1(c)
Investment on May 1, 20Y3 $fill in the blank f41799088ffffc8_2(d)
Net income for May fill in the blank f41799088ffffc8_3(e)
Withdrawals fill in the blank f41799088ffffc8_4(f)
Increase in owner's equity fill in the blank f41799088ffffc8_5(g)
LuAnn Martin, capital, May 31, 20Y3 $fill in the blank f41799088ffffc8_6(h)

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Atlas Realty Balance Sheet May 31, 20Y3
Assets
Cash $123,200
Supplies 12,800
Land fill in the blank 002265f3100604a_1(i)
Total assets $fill in the blank 002265f3100604a_2(j)
Liabilities
Accounts payable $48,000
Owners Equity
LuAnn Martin, capital fill in the blank 002265f3100604a_3(k)
Total liabilities and owners equity $fill in the blank 002265f3100604a_4(l)

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Use the minus sign to indicate cash outflows, decreases in cash, and cash payments.

Atlas Realty Statement of Cash Flows For the Month Ended May 31, 20Y3
Cash flows from (used for) operating activities:
Cash received from customers $fill in the blank 5ea54a056fb3059_1(m)
Cash paid for operating expenses and to creditors (252,800)
Net cash flows from operating activities $fill in the blank 5ea54a056fb3059_2(n)
Cash flows from (used for) investing activities:
Cash paid for acquisition of land (120,000)
Cash flows from (used for) financing activities:
Cash received from owner as investment $160,000
Cash withdrawals by owner (64,000)
Net cash flow from financing activities fill in the blank 5ea54a056fb3059_3(o)
Net increase (decrease) in cash blank fill in the blank 5ea54a056fb3059_4(p)
Cash balance, May 1, 20Y3 blank 0
Cash balance, May 31, 20Y3 $fill in the blank 5ea54a056fb3059_5

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