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with explanations please Missing Amounts from Financial Statements The financial statements at the end of Atlas Realty's first month of operations follow: Required: Analyze the

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Missing Amounts from Financial Statements The financial statements at the end of Atlas Realty's first month of operations follow: Required: Analyze the interrelationships among the four financial statements and enter the missing amounts. If an amount is zero, enter "0" Atlas Realty Income Statement For the Month Ended May 31, 2018 Fees earned $400,000 Expenses: Wages expense . Rent expense 48,000 Supplies expense 17,600 Utilities expense 14,400 Miscellaneous expense 4,800 Total expenses 288,000 Net Income Atlas Realty Retained Earnings Statement For the Month Ended May 31, 2018 Atlas Realty Retained Earnings Statement For the Month Ended May 31, 2018 Retained earnings, May 1, 2018 Net income $ Dividends Change in retained earnings Retained earnings, May 31, 2018 Atlas Realty Balance Sheet May 31, 2018 May 31, 2018 Assets Cash Supplies $123200 12,800 Land Total assets $48,000 Liabilities Accounts payable Stockholders' Equity Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity Use the minus sign to indicate cash outflows, decreases in cash, and cash payments. Atlas Realty -252,800 Cash flows from operating activities: Cash received from customers Cash payments for expenses and payments to creditors Net cash flows from operating activities Cash flows from investing activities: Cash payments for acquisition of land Cash flows from financing activities: Cash received from issuing common stock Cash dividends Net cash flows from financing activities -120,000 $160,000 -64,000 Net increase (decrease) in cash and May 31, 2018, cash balance

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