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1) Craigco began with an investment by shareholders of $150,000. a. In its first year its income statement showed a profit of $25,000. What would

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1) Craigco began with an investment by shareholders of $150,000. a. In its first year its income statement showed a profit of $25,000. What would the equity section of the balance sheet show? b. In its second year, its income statement showed a loss of $13,000 and it paid a dividend of $10,000. What would the equity section of the balance sheet show? C. In its third year, its income statement showed a profit of $45,000, it paid a dividend of $20,000 and issued shares for $15,000. What would the equity section of the balance sheet show

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