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Missing Amounts from Financial Statements. The financial statements at the end of Wolverine Realty's first month of operations are as follows: Required: Analyze the interrelationships
Missing Amounts from Financial Statements. The financial statements at the end of Wolverine Realty's first month of operations are as follows: Required: Analyze the interrelationships among the four financial statements and enter the missing amounts. If an amount is zero, enter "0". Wolverine Realty Income Statement For the Month Ended April 30, 2019 Fees earned Expenses: Wages expense $65,400 Rent expense 27,010 Supplies expense Utilities expense 15,130 Miscellaneous expense 9,180 Total expenses 139,140 Net income $145,160 Wolverine Realty Statement of Owner's Equity For the Month Ended April 30, 2019 Dakota Rowe, capital, April 1, 2019 Fees earned Expenses: Wages expense $65,400 Rent expense 27,010 Supplies expense Utilities expense 15,130 Miscellaneous expense 9,180 Total expenses 139,140 Net income $145,160 Wolverine Realty Statement of Owner's Equity For the Month Ended April 30, 2019 Dakota Rowe, capital, April 1, 2019 Investment on April 1, 2016 $537,000 Net income for April Withdrawals (64400) Encrease in owner's equity Dakota Rowe, capital, April 30, 2019 Cash Supplies Land Total assets Wolverine Realty Balance Sheet April 30, 2019 Assets $191,020 11,940. 429,300 Liabilities Accounts payable $14,500 Owner's Equity Dakota Rowe, capital Total liabilities and owner's equity Use the minus sign to indicate cash outflows, decreases in cash, and cash payments. Wolverine Realty Statement of Cash Flows For the Month Ended April 30, 2019 Cash flows from operating activities: Cash receipts from customers Cash payments for expenses and payments to creditors -136,580 Use the minus sign to indicate cash outflows, decreases in cash, and cash payments. Wolverine Realty Statement of Cash Flows For the Month Ended April 30, 2019 Cash flows from operating activities: Cash receipts from customers 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 Net increase (decrease) in cash and April 30, 2019, cash balance -136,580 00 00 00
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