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The financial statements at the end of Paradise Realty's first month of operations are shown below. PARADISE REALTY Income Statement For the Month Ended November 30, 2093 Fees earned $337,000 Operating expenses: Wages expense $ (a) Rent expense 64,030 Supplies expense 54,426 Utilities expense 44,821 Miscellaneous expense 16,008 Total operating expenses (253,425) Net income $ (b) PARADISE REALTY Statement of Stockholders' Equity For the Month Ended November 30, 20Y3 Common Stock Retained Earnings Total Balances, Nov. 1, 20Y3 $0 $0 $0 Issuance of common stock 294,000 294,000 Net income (c) (C) Dividends (d) (d) Balances, Nov. 30, 2093 $294,000 $(e) $349,645 PARADISE REALTY Balance Sheet November 30, 20Y3 Assets Cash $ 189,750 Supplies 73,475 Land (f) Total assets $ (9) Liabilities Note payable $ 123,580 Stockholders' Equity Common stock $ (h) Retained earnings (i) Total stockholders' equity (1) Total liabilities and stockholders' equity $(k) PARADISE REALTY Statement of Cash Flows For the Month Ended November 30, 20Y3 Cash flows from (used for) operating activities: Cash received from customers $ (1) Cash paid for expenses and to creditors (203,320) Net cash flows from operating activities $ (m) Cash flows used for investing activities: Cash paid for acquisition of land (210,000) Cash flows from (used for) financing activities: Cash received from issuing common stock $ 294,000 Deduct dividends (27,930) Net cash flows from financing activities (n) Net increase in cash during month $(0) Cash as of November 1 0 Cash as of November 30 $(0) 2. By analyzing the interrelationships among the financial statements, determine the proper amounts for (a) through (o). Enter all amounts as positive numbers. a. Wages expense b. Net income $ 83,575 c. Net income for November d. Dividends e. Retained earnings, November 30, 2043 f. Land $ g. Total assets $ h. Common stock $ i. Retained earnings $ j. Total stockholders' equity k. Total liabilities and stockholders' equity 1. Cash received from customers m. Net cash flows from operating activities JI n. Net cash flows from financing activities o. Net increase in cash and November 30, 20Y3, cash balance

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