The financial statements at the end of Zeppelin Realty€™s first month of operations are shown below.

Instructions
1. Would you classify a realty business like Zeppelin Realty as a manufacturing, merchandising, or service business?
2. By analyzing the interrelationships among the four financial statements, determine the proper amounts for (a) through(p).

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Zeppelin Realty Income Statement For the Month Ended November 30, 2006 Fees earned Operating expenses $8,500 3,200 Wages expense Rent expense Supplies expense Utilities expense Miscellaneous expense 1,800 1100 Total operating expenses 17,600 12,400 Net income Zeppelin Realty Retained Earnings Statement For the Month Ended November 30, 2006 Net income for November Less dividends Retained earnings, November 30, 2006 S (c) 6,000 Zeppelin Realy Balance Sheet November 30, 2006 Assets Cash Supplies Land Total assets S5,800 2,200 40,000 s (e) Liabilities Accounts payable 1,600 Stockholders' Equity s (f) Capital stock Retained earnings Total liabilities and stockholders' equity Zeppelin Realty Statement of Cash Flows For the Month Ended November 30, 2006 Cash flows from operating activities: Cash received from customers Deduct cash payments for expenses and payments to creditors Net cash flows from operating activities 18,200 S (k) Cash flows from investing activities: Cash payments for acquisition of land Cash flows from financing activities: Cash recelved from issuing capital stock Deduct cash dividends Net cash flows from financing activities S (m) Net cash flow and November 30, 2006, cash balance