Question: Missing Amounts from Financial StatementsThe financial statements at the end of Wolverine Realty's first month of operations are as follows:Required:Question Content AreaAnalyze the interrelationships among

Missing Amounts from Financial StatementsThe financial statements at the end of Wolverine Realty's first month of operations are as follows:Required:Question Content AreaAnalyze the interrelationships among the four financial statements and enter the missing amounts. If an amount is zero, enter "0".Wolverine RealtyIncome StatementFor the Month Ended April 30,20Y3Fees earned$fill in the blank 35875d006fd8058_1(a)Expenses:Wages expense$59,600Rent expense24,620Supplies expensefill in the blank 35875d006fd8058_2(b)Utilities expense13,790Miscellaneous expense8,370Total expenses126,810Net income$132,390Question Content AreaWolverine RealtyStatement of Owner's EquityFor the Month Ended April 30,20Y3Dakota Rowe, capital, April 1,20Y3$fill in the blank 98f90cf46fc505b_1(c)Investment on April 1,2016$493,000Net income for Aprilfill in the blank 98f90cf46fc505b_2(d)Withdrawals(59,200)Increase in owner's equityfill in the blank 98f90cf46fc505b_3(e)Dakota Rowe, capital, April 30,20Y3$fill in the blank 98f90cf46fc505b_4(f)Question Content AreaWolverine RealtyBalance SheetMay 31,20Y3AssetsCash$174,520 Supplies10,890 Land394,000 Total assets$fill in the blank b129b2feb055fcd_1(g)LiabilitiesAccounts payable$13,220 Owners EquityDakota Rowe, capitalfill in the blank b129b2feb055fcd_2(h)Total liabilities and owners equity$fill in the blank b129b2feb055fcd_3(i)Question Content AreaUse the minus sign to indicate cash outflows, decreases in cash, and cash payments.Wolverine RealtyStatement of Cash FlowsFor the Month Ended April 30,20Y3Cash flows from (used for) operating activities:Cash received from customers$fill in the blank 45b9f60b0fc807d_1(j)Cash paid for operating expenses and to creditors(124,480)Net cash flow from operating activities$fill in the blank 45b9f60b0fc807d_2(k)Cash flows from (used for) investing activities:Cash paid for acquisition of landfill in the blank 45b9f60b0fc807d_3(l)Cash flows from (used for) financing activities:Cash received from owner as investment$fill in the blank 45b9f60b0fc807d_4(m)Cash withdrawals by ownerfill in the blank 45b9f60b0fc807d_5(n)Net cash flow from financing activitiesfill in the blank 45b9f60b0fc807d_6(o)Net increase (decrease) in cashblank$fill in the blank 45b9f60b0fc807d_7(p)Cash balance, April 1,20Y3blank0Cash balance, April 30,20Y3$fill in the blank 45b9f60b0fc807d_8(q)

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