Obj. 5 I. $208,000 PR 1-6B Missing amounts from financial statements The financial statements at the end of Atlas Realty's first month of operations follow: Atlas Realty Income Statement For the Month Ended May 31, 2016 Fees earned $ 400,000 Expenses: Wages expense... .. $ (a) Rent expense 48,000 Supplies expense. 17,600 Utilities expense. 14,400 Miscellaneous expense..... 4,800 Total expenses (288,000) Net income $ b Atlas Realty Statement of Stockholders'Equity For the Month Ended May 31, 20Y6 Common Stock Retained Earnings Tota $ 0 50 50 (C Balances, May 1, 2016 Issued common stock Net income Dividends Balances, May 31, 2016 $19 Atlas Realty Balance Sheet May 31, 2016 Atlas Realty Balance Sheet May 31, 2016 Assets $123.200 12.800 Cash. Supplies Total assets Liabilities $ 48,000 Accounts payable Stockholders' Equity Common stock Retained earnings Totat stockholders' equity Totalbilities and stockholders equity 5 in 252.800 5 Atlas Realty Statement of Cash Flows For the Month Ended May 31, 2016 Cash flows from used for operating activities Cash received from customers Cash paid for expenses and to creations Net cash flows from operating activitat Cash flows from used forvesting activities Cash paid for acquisition of land Cash flows from used for u s 120.000 Cash paid for dividends Net cash flows from mancing decrease in cash $ 0 Stockholders' Equity Common stock... Retained earnings Total stockholders' equity... Total liabilities and stockholders' equity. Atlas Realty Statement of Cash Flows For the Month Ended May 31, 2016 Cash flows from (used for) operating activities: Cash received from customers. $ (n) Cash paid for expenses and to creditors.. (252,800) Net cash flows from operating activities $ (0) Cash flows from (used for) investing activities: Cash paid for acquisition of land .... (120.000) Cash flows from (used for) financing activities: Cash received from issuing common stock $160,000 Cash paid for dividends... (64,000) Net cash flows from financing activities p Net increase (decrease) in cash.. S Cash balance. May 1, 2016 Cash balance, May 31, 20Y6 Instructions By analyzing the interrelationships among the four financial statements, determine the p amounts for through ) er