P2-5 Missing amaits from first surement The financial statements at the end of Merwork Reaky, Inc.'s first month of operations are shown below. By analyzing the interrelationships among the financial statements, all in the proper amounts for (a) through NETWORK REALTY, INC. Income Statement For the Month Ended December 31, 2014 Fees eamed. ******** Operating expenses: Wages expenses ********** Rent expense ***************************** Utilities expense ********************* Interest expense... Miscellaneous expense............... Total operating expenses...................... Net Income.. ***** ************* $33.120 18,000 (b) 1.800 2.960 NETWORK REALTY, INC. Statement of Stockholders'Equity For the Month Ended December 31, 2014 Cameron Retained Stock Earnings Balance, Dec 1, 2014 $ Intuod comman nock 75.000 Net Income 57.500 Dwidends fel Balances, Dec. 31. 2014 575.000 $ Total $ 0 75.000 $7,500 (al Sol NETWORK REALTY, INC Balance Sheet December 31, XY4 Assets Cash Land Total assets 6 h 175.000 $26. Liabilities Natrs payabi $105,000 Stockholders' quity SED Cammon stock Retained earnings Total stockholde sty. Total abilities and stockholders' Ik NETWORK REALTY, INC Statement of Cash Flows For the Month December 31, 2014 Cashows from operating activit Cash received from custo $125.000 Cast paid for expenses 67.500! Net Cashflows front operating activities Cashdinining active Cash paid for purcese of land Cashows from financing kui Cash received from issuing on stock $ 75.000 Cash received from sing notes payable Tal Cash dividends sad to trochados L2000) Netcash flows from financing aci vitis $ (175,000 lo P2-5 Missing amaits from first surement The financial statements at the end of Merwork Reaky, Inc.'s first month of operations are shown below. By analyzing the interrelationships among the financial statements, all in the proper amounts for (a) through NETWORK REALTY, INC. Income Statement For the Month Ended December 31, 2014 Fees eamed. ******** Operating expenses: Wages expenses ********** Rent expense ***************************** Utilities expense ********************* Interest expense... Miscellaneous expense............... Total operating expenses...................... Net Income.. ***** ************* $33.120 18,000 (b) 1.800 2.960 NETWORK REALTY, INC. Statement of Stockholders'Equity For the Month Ended December 31, 2014 Cameron Retained Stock Earnings Balance, Dec 1, 2014 $ Intuod comman nock 75.000 Net Income 57.500 Dwidends fel Balances, Dec. 31. 2014 575.000 $ Total $ 0 75.000 $7,500 (al Sol NETWORK REALTY, INC Balance Sheet December 31, XY4 Assets Cash Land Total assets 6 h 175.000 $26. Liabilities Natrs payabi $105,000 Stockholders' quity SED Cammon stock Retained earnings Total stockholde sty. Total abilities and stockholders' Ik NETWORK REALTY, INC Statement of Cash Flows For the Month December 31, 2014 Cashows from operating activit Cash received from custo $125.000 Cast paid for expenses 67.500! Net Cashflows front operating activities Cashdinining active Cash paid for purcese of land Cashows from financing kui Cash received from issuing on stock $ 75.000 Cash received from sing notes payable Tal Cash dividends sad to trochados L2000) Netcash flows from financing aci vitis $ (175,000 lo