The following financial statement information is from five separate companies:

Company Company Company Company Company A B C D E December 31, 2006:

Assets . . . . . . . . . . . . . . . . $55,000 $34,000 $24,000 $60,000 $119,000 Liabilities . . . . . . . . . . . . . . 24,500 21,500 9,000 40,000 ?

December 31, 2007:

Assets . . . . . . . . . . . . . . . . 58,000 40,000 ? 85,000 113,000 Liabilities . . . . . . . . . . . . . . ? 26,500 29,000 24,000 70,000 During year 2007:

Stock issuances . . . . . . . . . 6,000 1,400 9,750 ? 6,500 Net income . . . . . . . . . . . . 8,500 ? 8,000 14,000 20,000 Cash dividends . . . . . . . . . . 3,500 2,000 5,875 0 11,000.

Required 1. Answer the following questions about Company A:

a. What is the amount of equity on December 31, 2006?

b. What is the amount of equity on December 31, 2007?

c. What is the amount of liabilities on December 31, 2007? 2. Answer the following questions about Company B:

a. What is the amount of equity on December 31, 2006?

b. What is the amount of equity on December 31, 2007?

c. What is net income for year 2007? 3. Calculate the amount of assets for Company C on December 31, 2007. 4. Calculate the amount of stock issuances for Company D during year 2007. 5. Calculate the amount of liabilities for Company E on December 31, 2006.