Missing amounts from financial statements The financial statements at the end of Wolverine Realty's first month...

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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 proper amounts for the missing items. Use the minus sign to indicate cash outflows, cash payments, and decreases in cash in the Statement of Cash Flows. Wolverine Realty Fees earned Expenses: Wages expense Rent expense Income Statement For the Month Ended April 30, 20YO $300,000 100,000 Supplies expense Utilities expense Miscellaneous expense Total expenses Net income 20,000 25,000 (475,000) $275,000 Wolverine Realty Statement of Stockholders' Equity For the Month Ended April 30, 20YO Balances, April 1, 20Y0 Issued common stock Net income Dividends Balances, April 30, 20YO Cash Supplies Land Total assets Common Stock Retained Earnings Total $0 $0 $0 Wolverine Realty Balance Sheet April 30, 20YO (125,000) (125,000) $ Assets $462,500 12,500 150,000 Liabilities Accounts payable Stockholders' Equity Common stock $375,000 Retained earnings Total stockholders' equity Total liabilities and stockholders' equity Wolverine Realty Statement of Cash Flows For the Month Ended April 30, 20Y0 Cash flows from (used for) operating activities: Cash received from customers Cash paid for expenses and to creditors Net cash flows from operating activities Cash flows from (used for) investing activities: Cash paid for land Cash flows from (used for) financing activities: Cash received from issuing common stock Cash paid for dividends Net cash flows from financing activities Net increase (decrease) in cash Cash balance, April 1, 20YO Cash balance, April 30, 20YO $100,000 (387,500) 00 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 proper amounts for the missing items. Use the minus sign to indicate cash outflows, cash payments, and decreases in cash in the Statement of Cash Flows. Wolverine Realty Fees earned Expenses: Wages expense Rent expense Income Statement For the Month Ended April 30, 20YO $300,000 100,000 Supplies expense Utilities expense Miscellaneous expense Total expenses Net income 20,000 25,000 (475,000) $275,000 Wolverine Realty Statement of Stockholders' Equity For the Month Ended April 30, 20YO Balances, April 1, 20Y0 Issued common stock Net income Dividends Balances, April 30, 20YO Cash Supplies Land Total assets Common Stock Retained Earnings Total $0 $0 $0 Wolverine Realty Balance Sheet April 30, 20YO (125,000) (125,000) $ Assets $462,500 12,500 150,000 Liabilities Accounts payable Stockholders' Equity Common stock $375,000 Retained earnings Total stockholders' equity Total liabilities and stockholders' equity Wolverine Realty Statement of Cash Flows For the Month Ended April 30, 20Y0 Cash flows from (used for) operating activities: Cash received from customers Cash paid for expenses and to creditors Net cash flows from operating activities Cash flows from (used for) investing activities: Cash paid for land Cash flows from (used for) financing activities: Cash received from issuing common stock Cash paid for dividends Net cash flows from financing activities Net increase (decrease) in cash Cash balance, April 1, 20YO Cash balance, April 30, 20YO $100,000 (387,500) 00