The financial statements at the end of Wolverine Realty€™s first month of operations are as follows:

Instructions
By analyzing the interrelationships among the four financial statements, determine the proper amounts for (a) through(q).

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Wolverine Realty Income Statement For the Month Ended April 30, 2014 Fees earned Expenses: $ (a) 25,000 475,000 $275,000 Net income Wolverine Realty Retained Earnings Statement For the Month Ended April 30, 2014 $ (c) Wolverine Realty Balance Sheet April 30, 2014 Assets Liabilities 100,000 Stockholders'Equity 375,000 Total assets . $ Total liabilities and stockholders' equity . . . . . . S (i) Statement of Cash Flows For the Month Ended April 30, 2014 Cash flows from operating activities: Deduct cash payments for expenses and payments to creditors.... (387.500) Net cash flows from operating activities..... .. .. . .. . . . . .. Cash payments for acquisition of land.... . .. . .. .. . . Cash received from issuing capital stock..... Cash flows used for investing activities: Cash flows from financing activities: $ (n) Deduct cash dividends Net cash flows from financing activities.. .. . .. .. . .. . . . . . . Net increase (decrease) in cash and April 30, 2014, cash balance