2. Borons assets rose by $4 million and its liabilities rose by $6 million in 2019. Also that year, it issued $2 million of common stock. Assuming dividends declared during 2019 were $2 million, what was the amount of net income for the period?

3. During 2019, Axel, Inc.s assets rose by $17 million while its liabilities fell by $4 million. Also during that year, it issued common stock. Assuming net income for the period of $7 million, and dividends declared of $3 million, what were the proceeds of the stock issue?

4. Browncos assets rose by $4 million in 2019. Also that year, it repurchased $2 million of common stock. If its net income for the year was $5 million and it distributed 60% of that as cash dividends, what must have happened to its liabilities during 2019?