The financial statements at the end of Four Corners Realty’s first month of operations are shown below and on the next page.

$$\begin{array}{cl} \textbf{Four Corners Realty}\\ \textbf{Income Statement}\\ \textbf{For the Month Ended July}\ \bm{31, 2010}\\ {\textcolor{#4257b2}{\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_}} \end{array}$$

$$\begin{array}{lrr} \text{Fees earned. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . } && \$239,700\\ \text{Expenses:}\\ \hspace{10pt}\text{Wages expense. . . . . . . . . . . . . . . . . . . . . . . . . . . . } & \$ \hspace{16pt} \left(\text{a}\right)\\ \hspace{10pt}\text{Rent expense. . . . . . . . . . . . . . . . . . . . . . .. . . . . . .} & 24,480\\ \hspace{10pt}\text{Supplies expense.. . . . . . . . . . . . . . . . . . . . . . . . . .} & 20,400\\ \hspace{10pt}\text{Utilities expense.. . . . . . . . . . . . . . . . . . . . . . . . . . } & 13,770\\ \hspace{10pt}\text{Miscellaneous expense. . . . . . . . . . . . . . . . . . . . . .} & \underline{\ \ \ 8,415}\\ \hspace{20pt}\text{Total expenses. . . . . . . . . . . . . . . . . . . . . . . . . .} && \underline{121,890}\\ \text{Net income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .}&& \underline{\underline{\ \\ \ \ \hspace{15pt}\left(\text{b}\right)}} \end{array}$$

$$\begin{array}{cl} \textbf{Four Corners Realty}\\ \textbf{Statement of Owner’s Equity}\\ \textbf{For the Month Ended July}\ \bm{31, 2010}\\ {\textcolor{#4257b2}{\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_}} \end{array}$$

$$\begin{array}{lrr} \text{Jeremy Parks, capital, July $1$, $2010$. . . . . . . . . . . . . . . } && \$ \hspace{16pt} \left(\text{c}\right)\\ \text{Investment on July $1$, $2010$ . . . . . . . . . . . . . . . . . . . . .} & \$ \hspace{20pt} \left(\text{d}\right)\\ \text{Net income for July . . . . . . . . . . . . . . . . . . . . . . . . . . . } & \underline{\hspace{20pt} \left(\text{e}\right)}\\ & \left(\text{f}\right)\\ \text{Less withdrawals . . . . . . . . . . . . . . . . . . . . . . . . . . . . .} & \underline{\hspace{20pt}\left(\text{g}\right)}\\ \text{Increase in owner’s equity . . . . . . . . . . . . . . . . . . . . . .} && \underline{\hspace{20pt}\left(\text{h}\right)}\\ \text{Jeremy Parks, capital, July $31$, $2010$. . . . . . . . . . . . . . } && \underline{\underline{\hspace{22pt}\left(\text{i}\right)}} \end{array}$$

$$\begin{array}{cl} \textbf{Four Corners Realty}\\ \textbf{Balance Sheet}\\ \textbf{July}\ \bm{31, 2010}\\ {\textcolor{#4257b2}{\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_}} \end{array}$$

$$\begin{array}{lrclr} \hspace{65pt}\textbf{Assets} &&& \hspace{65pt}\textbf{Liabilities}\\ \text{Cash . . . . . . . . . . . .} & \$150,450 && \text{Accounts payable. . . . . . . . . . . . . .} & \$12,240\\ \text{Supplies. . . . . . . . . .} & 10,200 && \hspace{65pt}\textbf{Owner’s Equity}\\ \text{Land . . . . . . . . . . . .}& \underline{\hspace{27pt}\left(\text{j}\right)} && \text{Jeremy Parks, capital . . . . . . . . . . .} & \underline{\hspace{25pt}\left(\text{l}\right)}\\ \text{Total assets. . . . . . . }& \underline{\underline{\hspace{26pt}\left(\text{k}\right)}} && \text{Total liabilities and owner’s equity.} & \underline{\underline{\hspace{20pt}\left(\text{m}\right)}} \end{array}$$

$$\begin{array}{cl} \textbf{Four Corners Realty}\\ \textbf{Statement of Cash Flows}\\ \textbf{For the Month Ended July}\ \bm{31, 2010}\\ {\textcolor{#4257b2}{\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_}} \end{array}$$

$$\begin{array}{lrr} \text{Cash flows from operating activities:}\\ \hspace{10pt}\text{Cash received from customers. . . . . . . . . . . . . . . . . . . . . . . . . . . .} & \$ \hspace{20pt}\left(\text{n}\right)\\ \hspace{10pt}\text{Deduct cash payments for expenses and payments to creditors. .} & \underline{119,850}\\ \hspace{10pt}\text{Net cash flow from operating activities. . . . . . . . . . . . . . . . . . . . .} && \$ \hspace{20pt}\left(\text{o}\right)\\ \text{Cash flows from investing activities:}\\ \hspace{10pt}\text{Cash payments for acquisition of land. . . . . . . . . . . . . . . . . . . . . .} && \hspace{20pt}\left(367,200\right)\\ \text{Cash flows from financing activities:}\\ \hspace{10pt}\text{Cash received as owner’s investment. . . . . . . . . . . . . . . . . . . . . . .} & 459,000\\ \hspace{10pt}\text{Deduct cash withdrawal by owner. . . . . . . . . . . . . . . . . . . . . . . . .} & \underline{\hspace{5pt}61,200}\\ \hspace{10pt}\text{Net cash flow from financing activities. . . . . . . . . . . . . . . . . . . . . .} && \underline{\hspace{20pt}\left(\text{\hspace{5pt}p}\right)}\\ \hspace{10pt}\text{Net cash flow and July $31$, $2010$, cash balance. . . . . . . . . . . . . . . .} && \underline{\underline{\hspace{20pt}\left(\text{\hspace{5pt}q}\right)}}\\ \end{array}$$

$\textsf{\textcolor{#4257b2}{Instructions}}$
By analyzing the interrelationships among the four financial statements, determine the proper amounts for (a) through (q).