Financial statement information about five unrelated companies is as follows:

\section*{Required}
1. Answer the following questions about Company 1 :

a. What was the owner's equity on December 31, 1989?

b. What was the owner's equity on December 31, 1990?

c. What was the net income for 1990 ?
2. Answer the following questions about Company 2:

a. What was the owner's equity on December 31, 1989?

b. What was the owner's equity on December 31, 1990?

c. What was the amount of liabilities owed on December 31, 1990?
3. For Company 3, calculate the amount of owner investments during 1990.
4. For Company 4, calculate the amount of assets on December 31, 1990.
5. For Company 5, calculate the amount of liabilities owed on December 31, 1989 .

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December 31, 1989: Assets. Company 1 Company 2 Company 3 Company 4 Company 5 $24,000 $28,000 $35,000 $18,000 $52,000 Liabilities. 15,000 20.000 20,000 11,000 ? December 31, 1990: Assets. 26,000 37,000 64,000 ? 77,000 Liabilities. 12,700 ? 27,000 16,000 30,000 During 1990: Net income. ? 5,000 10.000 9,000 12,000 Owner investments 3,500 6,000 ? 12,000 -0- Owner withdrawals 1,000 1,500 3,000 4,000 6,000