Missing amounts from financial statements Instructions Income Statement Statement of Owner's Equity Balance sheet Statement of Cash Flows Instructions The financial statements at the end of Wolverine Realty's first month of operations can be found in the panels of this problem. By analyzing the interrelationships among the four financial statements, determine the proper amounts for (a) through (p) and enter the amounts in the cell to the right of each letter Missing amounts from financial statements Instructions Income Statement Statement of Owner's Equity Balance Sheet Statement of Cash Flows Income Statement Wolverine Realty Income Statement For the Month Ended April 30, 2019 1 Fees earned 2 Expenses Wages expense $304,000.00 Rent expense 100,000.00 Supplies expense Utilities expense 22,000.00 Miscellaneous expense 22,000.00 Total expenses 476,000.00 Net income $291,000.00 structions Income Statement Statement of Owner's Equity Balance Sheet Statement of Cash Flows Statement of Owner's Equity Wolverine Realty Statement of Owner's Equity For the Month Ended April 30, 2019 1 Dakota Rowe, capital, April 1, 2019 Investment on April 1, 2019 $370,000.00 Net income for April Withdrawals (123,000.00) Increase in owner's equity 6 Dakota Rowe, capital, April 30, 2019 My Work 3 more Check My Work uses remaining. All work saved. Email Instructor Save DOMU STUUL SLUTURE OF FIOWS Balance Sheet Wolverine Realty Balance Sheet April 30, 2019 Assets 2 Cash $475,600.00 13,400.00 3 Supplies * Land 143,000.00 5 Total assets Liabilties $92,000.00 7 Accounts payable Owner's equity , Dakota Rowe, capital 10 Total liabilities and owner's equity Week 2 Chapter 1 Homework eBook Calculator Print Item Missing amounts from financial statements Instructions Income Statement Statement of Owner's Equity Balance Sheet Statement of Cash Flows Statement of Cash Flows Wolverine Realty Statement of Cash Flows For the Month Ended April 30, 2019 Cash flows from operating activities: Cash receipts from customers (397,400.00) Cash payments for expenses and payments to creditors Net cash flow from operating activities Cash flows from investing activities: Cash payments for acquisition of land Cash flows from financing activities: Cash receipt of owner's investment Cash withdrawals by owner Net cash flow from financing activities 11 Net increase (decrease) in cash and April 30, 2019, cash balance