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Missing amounts from financial statements The financial statements at the end of Atlas Realtys first month of operations follow: By analyzing the interrelationships among the
Missing amounts from financial statements The financial statements at the end of Atlas Realtys first month of operations follow: By analyzing the interrelationships among the four financial statements, determine the missing amounts. If a net loss is incurred or dividends were paid, enter that amount as a negative number using a minus sign. Use the minus sign to indicate cash outflows, cash payments, and decreases in cash in the Statement of Cash Flows.
Atlas Realty Stockholders' Equity Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity Atlas Realty Statement of Cash Flows For the Month Ended May 31, 20Y6 Cash flows from (used for) operating activities: Cash received from customers Cash paid for expenses and to creditors (246,200) Net cash flows from operating activities Cash flows from (used for) investing activities: Cash paid for acquisition of land (125,000) Cash flows from (used for) financing activities: Cash received from issuing common stock Cash paid for dividends $150,000 Net cash flows from financing activities Net increase (decrease) in cash Cash balance, May 1, 20 Y6 Cash balance, May 31, 20Y6Step by Step Solution
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