The financial statements at the end of Wolverine Realty’s first month of operations can be found in the panels of this problem. By analyzing the interrelationships among the four financial statements, determine the proper amounts for (a) through (p) and enter the amounts in the cell to the right of each letter.
1 Fees earned (a)
2 Expenses:
3 Wages expense $300,000.00
4 Rent expense 100,000.00
5 Supplies expense (b)
6 Utilities expense 20,000.00
7 Miscellaneous expense 25,000.00
8 Total expenses 475,000.00
9 Net income $275,000.00
Wolverine Realty
Statement of Owner’s Equity
For the Month Ended April 30, 2019
1 Dakota Rowe, capital, April 1, 2019 (c)
2 Investment on April 1, 2019 $375,000.00
3 Net income for April (d)
4 Withdrawals (125,000.00)
5 Increase in owner’s equity (f)
6 Dakota Rowe, capital, April 30, 2019 (g)
Wolverine Realty
Balance Sheet
April 30, 2019
1 Assets
2 Cash $462,500.00
3 Supplies 12,500.00
4 Land 150,000.00
5 Total assets (h)
6 Liabilities
7 Accounts payable $100,000.00
8 Owner’s equity
9 Dakota Rowe, capital (i)
10 Total liabilities and owner’s equity (j)
Wolverine Realty
Statement of Cash Flows
For the Month Ended April 30, 2019
1 Cash flows from operating activities:
2 Cash receipts from customers (k)
3 Cash payments for expenses and payments to creditors (387,500.00)
4 Net cash flow from operating activities (l)
5 Cash flows from investing activities:
6 Cash payments for acquisition of land (m)
7 Cash flows from financing activities:
8 Cash receipt of owner’s investment (n)
9 Cash withdrawals by owner (o)
10 Net cash flow from financing activities (p)
11 Net increase (decrease) in cash and April 30, 2019, cash balance (q)

2. the external environment (connect)choose whether each example belongs in the general, task, or internal environment.exampleenvironmenta worldwide recession task environment / general environment / internal environmentlocal mothers asking their community grocery store to carry no-salt cheerios-type cereal for their babies task environment / general environment / internal environmentchoose the phrase that best completes the following sentence.the relationship between the task environment and the general environment is best described as: a one-way system: changes in the task environment affect the general environment, but changes in the general environment do not affect the task environment.an open system: changes in the task environment affect the general environment, and changes in the general environment affect the task environment.a one-way system: changes in the general environment affect the task environment, but changes in the task environment do not affect the general environment.a closed system: changes in the general environment do not affect the task environment, and changes in the task environment do not affect the general environment.©bloomberg via getty imagesmanagement in the newsin april 2010, the explosion of british petroleum’s (bp) deepwater horizon oil drilling rig and the accompanying oil spill dramatically changed the external environment in which all oil companies operate. the explosion released more oil than any other accidental spill in history and had a huge impact on the waters and surrounding communities of the gulf coast. the conditions that led to the spill, the attempts to stop the spill, and the clean-up and aftermath of the spill prompted debates in the u.s. senate, concern on wall street, and attention from companies all over the world.match each oil spill event with a specific dimension of the general environment.eventgeneral environment dimensionbp stock prices falling 25% during the first month after the oil spill oil seeping into pelican nesting grounds, which will place the brown pelican back on the endangered species list people moving from louisiana to oklahoma to avoid the effects of the spill