Chris Ying owns and operates Atlas Realty. The financial statements at the end of Atlas Realty's...

 

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Chris Ying owns and operates Atlas Realty. The financial statements at the end of Atlas Realty's first month of operations follow: By analyzing the interrelationships among the four financial statements, determine the missing amounts. If a net loss is incurred or dividends were paid, enter that amount as a negative number using a minus sign. Use the minus sign to indicate cash outflows, cash payments, and decreases in cash in the Statement of Cash Flows. Atlas Realty Income Statement For the Month Ended May 31, 20Y6 Fees earned Expenses: Wages expense 109,400 Rent expense 48,000 Supplies expense 17,500 Utilities expense 14,100 Miscellaneous expense 4,600 Total expenses Net income Atlas Realty Statement of Owner's Equity For the Month Ended May 31, 20Y6 Chris Ying, capital, May 1, 20Y6 Investment by owner Net income for May Withdrawals $397,000 (287,600) $ 203,400 $0 Chris Ying owns and operates Atlas Realty. The financial statements at the end of Atlas Realty's first month of operations follow: By analyzing the interrelationships among the four financial statements, determine the missing amounts. If a net loss is incurred or dividends were paid, enter that amount as a negative number using a minus sign. Use the minus sign to indicate cash outflows, cash payments, and decreases in cash in the Statement of Cash Flows. Atlas Realty Income Statement For the Month Ended May 31, 20Y6 Fees earned Expenses: Wages expense 109,400 Rent expense 48,000 Supplies expense 17,500 Utilities expense 14,100 Miscellaneous expense 4,600 Total expenses Net income Atlas Realty Statement of Owner's Equity For the Month Ended May 31, 20Y6 Chris Ying, capital, May 1, 20Y6 Investment by owner Net income for May Withdrawals $397,000 (287,600) $ 203,400 $0