The financial statements at the end of Atlas Realty's first month of operations follow:

Instructions
By analyzing the interrelationships among the four financial statements, determine the proper amounts for (a) through (p).

Transcribed Image Text:

Atlas Realty Income Statement For the Month Ended May 31, 2019 $400,000 Expenses 48,000 17,600 14,400 4,800 Suppsexr Total expenses 288,000 S (b) Atlas Realty Statement of Owner's Equity For the Month Ended May 31, 2019 $ (c) $(h) Atlas Realty Balance Sheet May 31, 2019 Assets $123,200 12,800 TO Supplies Liabilities cxayable 48,000 Owner's Equity LuAnn Martin, capital. Atlas Realty Statement of Cash Flows For the Month Ended May 31, 2019 Cash flows from operating activities: Cash payments for expenses and payments to creditors.... .. . .. .. (252,800) $ (n) Cash flows from investing activities