Answer

Missing amounts from 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 preper amounts for the missing berrs. Use the minus sups to indicate cash auffors, cash payments, and decreases in cash in the Statement of Cash Flows.

Wolverine Realty

Income Statement

For the Month Ended April $30,20$Y$0$

$\backslash$table$[[$Fees earned Expenses:,,,,,$],[$Wages expense,,,$$308,000,,],[$Rent expense,,,$105,000,,],[$Supplies expense,,$23,000,,,],[$Utilities experse,,,$23,000,,],[$Miscellaneous expense,,,$23,000,,],[$Total expenses,,,,,$(491,000)$