Kimmy Company had the following assets and liabilities on the dates indicated.

Kimmy began business on January 1, 2013, with an investment of $100,000 from stockholders.

Instructions
From an analysis of the change in stockholders€™ equity during the year, compute the net income (or loss) for:
(a) 2013, assuming Kimmy paid $15,000 in dividends for the year.
(b) 2014, assuming stockholders made an additional investment of $50,000 and Kimmy paid no dividends in 2014.
(c) 2015, assuming stockholders made an additional investment of $15,000 and Kimmy paid dividends of $30,000 in2015.

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December 3 2013 2014 2015 Total Assets Total Liabilities $400,000 $480,000 $590,000 $260,000 $300,000 $400,000 kii