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Missing Amounts from Financial Statements The financial statements at the end of Paradise Realty's first month of operations are shown below. PARADISE REALTY Balance Sheet
Missing Amounts from Financial Statements The financial statements at the end of Paradise Realty's first month of operations are shown below. PARADISE REALTY Balance Sheet November 30, 20Y3 Assets Cash Supplies Land Total assets Notes payable Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $180,650 71,643 (f) $(g) Liabilities $148,431 Stockholders' Equity $(h) (i) PARADISE REALTY Statement of Cash Flows For the Month Ended November 30, 20Y3 Cash flows from (used for) operating activities: Cash received from customers $(l) Cash paid for expenses and to creditors (170,320) Net cash flows from operating activities $(m) Cash flows used for investing activities: 1. Would you classify a realty business such as Paradise Realty as a manufacturing, merchandising, or service business? 2. By analyzing the interrelationships among the financial statements, determine the proper amounts for (a) through (o). Enter all amounts as positive numbers. 1. Would you classify a realty business such as Paradise Realty as a manufacturing, merchandising, or service business? 2. By analyzing the interrelationships among the financial statements, determine the proper amounts for (a) through (o). Enter all amounts as positive numbers
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