The transactions and integrated financial statement framework for Terry Mason for February 20Y4 appear below: Alex Vera organized Succulent Express at the beginning of February 20Y4. During February, Succulent Express entered into the following transactions: a. Terry Mason invested $30,000 in Succulent Express in exchange for common stock. b. Paid $5,800 on February 1 for an insurance premium on a one-year policy. c. Purchased supplies on account, $2,280. d. Received fees of $42,920 during February. e. Paid expenses as follows: wages, $16,800; rent, $2,800; utilities, $1,400; and miscellaneous, $1,540. f. Paid dividends of $8,445. There was $1,710 of supplies on hand as of February 28. Financial Statement Effects Balance Sheet Assets Liabilities + Stockholders' Equity Cash + Supplies + Prepaid Insurance = Accounts Payable + Common Stock + Retained Earnings a. Investment 30,000 30,000 b. Paid insurance -5,800 5,800 Balances 24,200 5,800 30,000 C. Purchased supplies 2,280 2,280 Balances 24,200 2,280 5,800 2,280 30,000 d. Fees earned 42,920 42,920 Balances 67,120 2,280 5,800 2,280 30,000 42,920 e. Paid expenses -22,540 -22,540 Balances 44,580 2,280 5,800 2,280 30,000 20,380 f. Paid dividends -8,445 -8,445 Balances 36,135 2,280 5,800 2,280 30,000 11,935 Balances d. Fees earned Balances e. Paid expenses Balances f. Paid dividends Balances al. Insurance expense Balances a2. Supplies expense 24,200 42,920 67,120 -22,540 44,580 -8,445 36,135 36,135 Balances, February 28 36,135 Statement of Cash Flows a. Financing b. Operating d. Operating e. Operating f. Financing Increase in cash 2,280 2,280 2,280 2,280 2,280 -570 1,710 30,000 -5,800 42,920 -22,540 -8,445 36,135 5,800 5,800 5,800 5,800 -483 5,317 5,317 2,280 2,280 2,280 2,280 2,280 2,280 30,000 30,000 30,000 30,000 30,000 30,000 Income Statement d. Fees earned e. Wages expense e. Rent expense e. Utilities expense e. Miscellaneous expense al. Ins. exp. a2. Supplies exp. Net income 42,920 42,920 -22,540 20,380 -8,445 11,935 -483 11,452 -570 10,882 42,920 -16,800 -2,800 -1,400 -1,540 -483 -570 19,327 Prepare an income statement for February. SUCCULENT EXPRESS Income Statement For the Month Ended February 28, 20Y4 Operating expenses: Total operating expenses Prepare a retained earnings statement for February. If an amount box does not require an entry, leave it blank. SUCCULENT EXPRESS Statement of Stockholders' Equity For the Month Ended February 28, 20Y4 Common Stock Retained Earnings Total Balances, Feb. 1, 20Y4 Balances, Feb. 28, 20Y4 SUCCULENT EXPRESS Balance Sheet February 28, 20Y4 Assets Total assets Liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity Prepare a statement of cash flows for February. If your answer is zero enter "0". Enter net cash outflows beginning with a minus sign. SUCCULENT EXPRESS Statement of Cash Flows For the Month Ended February 28, 20Y4 Cash flows from (used for) operating activities: Cash flows from (used for) financing activities: QO The transactions and integrated financial statement framework for Terry Mason for February 20Y4 appear below: Alex Vera organized Succulent Express at the beginning of February 20Y4. During February, Succulent Express entered into the following transactions: a. Terry Mason invested $30,000 in Succulent Express in exchange for common stock. b. Paid $5,800 on February 1 for an insurance premium on a one-year policy. c. Purchased supplies on account, $2,280. d. Received fees of $42,920 during February. e. Paid expenses as follows: wages, $16,800; rent, $2,800; utilities, $1,400; and miscellaneous, $1,540. f. Paid dividends of $8,445. There was $1,710 of supplies on hand as of February 28. Financial Statement Effects Balance Sheet Assets Liabilities + Stockholders' Equity Cash + Supplies + Prepaid Insurance = Accounts Payable + Common Stock + Retained Earnings a. Investment 30,000 30,000 b. Paid insurance -5,800 5,800 Balances 24,200 5,800 30,000 C. Purchased supplies 2,280 2,280 Balances 24,200 2,280 5,800 2,280 30,000 d. Fees earned 42,920 42,920 Balances 67,120 2,280 5,800 2,280 30,000 42,920 e. Paid expenses -22,540 -22,540 Balances 44,580 2,280 5,800 2,280 30,000 20,380 f. Paid dividends -8,445 -8,445 Balances 36,135 2,280 5,800 2,280 30,000 11,935 Balances d. Fees earned Balances e. Paid expenses Balances f. Paid dividends Balances al. Insurance expense Balances a2. Supplies expense 24,200 42,920 67,120 -22,540 44,580 -8,445 36,135 36,135 Balances, February 28 36,135 Statement of Cash Flows a. Financing b. Operating d. Operating e. Operating f. Financing Increase in cash 2,280 2,280 2,280 2,280 2,280 -570 1,710 30,000 -5,800 42,920 -22,540 -8,445 36,135 5,800 5,800 5,800 5,800 -483 5,317 5,317 2,280 2,280 2,280 2,280 2,280 2,280 30,000 30,000 30,000 30,000 30,000 30,000 Income Statement d. Fees earned e. Wages expense e. Rent expense e. Utilities expense e. Miscellaneous expense al. Ins. exp. a2. Supplies exp. Net income 42,920 42,920 -22,540 20,380 -8,445 11,935 -483 11,452 -570 10,882 42,920 -16,800 -2,800 -1,400 -1,540 -483 -570 19,327 Prepare an income statement for February. SUCCULENT EXPRESS Income Statement For the Month Ended February 28, 20Y4 Operating expenses: Total operating expenses Prepare a retained earnings statement for February. If an amount box does not require an entry, leave it blank. SUCCULENT EXPRESS Statement of Stockholders' Equity For the Month Ended February 28, 20Y4 Common Stock Retained Earnings Total Balances, Feb. 1, 20Y4 Balances, Feb. 28, 20Y4 SUCCULENT EXPRESS Balance Sheet February 28, 20Y4 Assets Total assets Liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity Prepare a statement of cash flows for February. If your answer is zero enter "0". Enter net cash outflows beginning with a minus sign. SUCCULENT EXPRESS Statement of Cash Flows For the Month Ended February 28, 20Y4 Cash flows from (used for) operating activities: Cash flows from (used for) financing activities: QO