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2. Puppet Corporation began with an investment by shareholders of $20,000. a. In its first year, the income earned was $2,000. What would the equity
2. Puppet Corporation began with an investment by shareholders of $20,000. a. In its first year, the income earned was $2,000. What would the equity section of its balance sheet show? b. In the second year, it had an income of $9,000 and a dividend of $3,000 was paid. What would the equity section of its balance sheet show? c. In the third year. Puppet sold more shares for a value of $10,000, earned income of $5.000 and paid a dividend of $2,500. What would the equity section of its balance sheet show? 2. Puppet Corporation began with an investment by shareholders of $20,000. a. In its first year, the income earned was $2,000. What would the equity section of its balance sheet show? b. In the second year, it had an income of $9,000 and a dividend of $3,000 was paid. What would the equity section of its balance sheet show? c. In the third year. Puppet sold more shares for a value of $10,000, earned income of $5.000 and paid a dividend of $2,500. What would the equity section of its balance sheet show
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