Four different corporations, Alpha, Bravo, Charlie, and Delta, show the same balance sheet data at the beginning and end of a year. These data, exclusive of the amount of stockholders’

equity, are summarized as follows:

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Total Total Assets Liabilities Beginning of the year $1,350,000 $540,000 End of the year 2,160,000 900,000 On the basis of the above data and the following additional information for the year, de- termine the net income (or loss) of each company for the year. (Hint: First determine the amount of increase or decrease in stockholders' equity during the year.) Alpha: No additional capital stock was issued and no dividends were paid. Bravo: No additional capital stock was issued but dividends of $120,000 were paid.