Missing amounts from financial statements The financial statements at the end of Wolverine Realty's first month of operations are as follows: 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, 2010 $308,000 104,000 Supplies expense Utilities expense 25000 Miscellaneous expense 26,000 Total expenses Net income (495,000) $253,000 Wolverine Realty Statement of Stockholders' Equity For the Month Ended April 30, 2010 Balances, April 1, 2010 Issued common stock Net income Dividends Common Stock Retained Earnings Total 50 50 $0 130.000 130.000 NEL COME Dividends Balances, April 30, 20YO Wolverine Realty Cash Supplies Land Total assets Balance Sheet April 30, 2010 Assets Liabilities 130,000 130,000 Accounts payable Stockholders' Equity Common stock $380,000 Retained earnings Total stockholders' equity Total liabilities and stockholders' equity Wolverine Realty Statement of Cash Flows For the Month Erded April 30, 2010 Cash flows from (used for) operating activities: Cash received from customers Cash paid for expenses and to creditors Net cash flows from operating activities Cach four from fuced for) Invecting activities $465,000 13,500 150,000 $125,500 (383,000) 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 (383,000) 0