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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,
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 iterns. Use the minus sign to indicate cash outflaws, cash payments, and decreases in cash in the Statement of Cash flows. Wolverine Realty Statement of Stockholders' Equity For the Month Ended April 30, 20Yo Wolverine Realty Balance Sheet April 30, 20Yo Assets Cash Supplies Land Total assets Accounts payable Liabilities Stockholders' Equity $462,500 12,500 150,000 $100,000 Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $100,000 Wolverine Realty Statement of Cash Flows
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