The financial statements at the end of Paradise Realty's first month of operations are shown below.

PARADISE REALTY
Statement of Cash Flows
For the Month Ended November 30, 20Y3

Instructions
1. Would you classify a realty business such as Hamel Realty as a manufacturing, merchandising, or service business?
2. By analyzing the interrelationships among the financial statements, determine the proper amounts for (a) through(o).

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PARADISE REALTY Income Statement For the Month Ended November 30, 20Y3 Fees eamed Operating expenses: $149,300 Wages expense Rent expense.. Supplies expense Utilities expense Miscellaneous expense . 14,400 12,000 Total operating expenses 69,300 $ (b) Net income PARADISE REALTY Retained Earnings Statement For the Month Ended November 30, 20Y3 S (c) Net income for November Less dividends PARADISE REALTY Balance Sheet November 30, 20Y3 Assets $99,200 6,000 Total assets. Note payable Capital stock Liabilities 7,200 Stockholders' Equity S (h) Retained earnings. Total stockholders'equity Total liabilities and stockholders' equity, Cash flows from operating activities: Deduct cash payments for expenses and payments to creditors.... 68,100 Net cash flows from operating activities.......... Cash payments for acquisition of land Cash received from issuing capital stock Net cash flows from financing activities.... s (m) Cash flows used for investing activities: (216,000) Cash flows from financing activities: ... $270,000 .. 36,000 Net cash flow and November 30, 20Y3, cash balanc..... s (o)