PR 1-6B Missing Amounts from Financial Statements Obj. 5 The financial statements at the end of Atlas Realty's first month of operations follow: Fees earned.. Expenses: Wages expense Rent expense.. Supplies expense Utilities expense Miscellaneous expense Total expenses Net income.... Balances, May 1, 2016 Issued common stock Net income... Dividends Balances, May 31, 20Y6 Cash Supplies. Land... Total assets Accounts payable Common stock.. Retained earnings.. Total stockholders' equity.... Atlas Realty Income Statement For the Month Ended May 31, 20Y6 $ 400,000 $ (a) 48,000 17,600 14,400 4,800 (288,000) $ (b) Atlas Realty Statement of Stockholders' Equity For the Month Ended May 31, 20Y6 Retained Earnings Common Stock $ 0 $ 0 (c) (d) $ (c) $(f) Total (d) $ (g) Atlas Realty Balance Sheet Total liabilities and stockholders' equity.. May 31, 2016 Assets Liabilities Stockholders' Equity $ (j) (k) $123,200 12,800 (h) $ (i) $ 48,000 (1) $ (m) 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.. Net cash flows from operating activities Cash flows from (used for) investing activities: Cash paid for acquisition of land .... $ (n) (252,800) $ (0) (120,000) Cash flows from (used for) financing activities: Cash received from issuing common stock... Cash paid for dividends ..... $160,000 (64,000) Net cash flows from financing activities. (d) Net increase (decrease) in cash $ (q) Cash balance, May 1, 20Y6 Cash balance, May 31, 2016. $ (r) + Instructions By analyzing the interrelationships among the four financial statements, determine the proper amounts for (a) through (r). Answer