7 Required for Problem 1-2A Computing ng formation using accounting knowledge LO A1, P1 The towing nationwed below! The long rangements is from fer comes 1 IL L. Problem 1-2A Part 1 1. What is the tofauty on Dec.2016 A Equity 1 When on December 31, 2010 Company work Saved Required information Problem 1-2A Computing missing information using accounting knowledge LO A1, P1 [The following information applies to the questions displayed below) The following financial statement information is from five separate companies. Company Company Company Company Company B C D E December 31, 2018 Assets $43.000 $33.540 $27.520 $76,540 $117. 390 Liabilities 35.260 23.478 14.860 52, 812 2 December 31, 2019 Assets 48.000 34.560 2 Liabilities 87. 360 132, 480 2 23,500 15.758 41.932 During year 2019 104.659 Over investments 6,000 1.400 9.750 ? 6.500 Net incone (lons) 11. 300 2 7,400 14,700 Over enth withdrawals 8. 843 3.500 2.000 5.875 0 11,000 Problem 1-2A Part 1 Required: 10. What is the amount of equity on December 31, 2018 for Company A. Assets S 43.000 Liabilities S 35,260 Equity 7.740 $ 1b. What is the amount of equity on December 10. What is the amount of equity on December 31, 2018 for Company A. Assets + Liabilities $ 35,260 Equity 7.740 $ 43,000 + s 1b. What is the amount of equity on December 31, 2019 for Company A. Statement of Owner's Equity Equity, December 31, 2018 $ Add: Investment by Owner Add: Net income 7,740 6,000 (11,360) 2,380 3,500 5,580 Less: Withdrawals by Owner Equity, December 31, 2019 $ 1. What is the amount of liabilities on December 31, 2019 for Company A. Assets $ 48,000 + Liabilities S 42,420 Equity 5,580 . S Problem 1-2A Part 2 2a. What is the amount of equity on December 31, 2018 for Company B. Assets Liabilities + Equity $ 0 2b. What is the amount of equity on December 31, 2019 for Company B. Assets Liabilities Equity $ 0 2c. What is net income for year 2019 for Company B. Statement of Owner's Equity Equity, December 31, 2018 0 Equity, December 31, 2019 Problem 1-2A Part 3 3. Compute the amount of assets for Company C on December 31, 2019. (Enter Losses amount with a minus sign, required.) December 31, 2018 Assets Liabilities Equity = $ 0 Statement of Owner's Equity Equity, December 31, 2018 0 Equity, December 31, 2019 December 31, 2019 Assets S 0 Liabilities + Equity Required information Problem 1-2A Computing missing information using accounting knowledge LO A1, P1 (The following information applies to the questions displayed below.] The following financial statement information is from five separate companies. Company Company B Company Company D Company E $ 43,000 35,260 $33, 540 23, 478 $27, 520 14, 860 $ 76,540 52, 812 $117, 390 ? December 31, 2018 Assets Liabilities December 31, 2019 Assets Liabilities During year 2019 Ower investments Net income (10ss) Owner cash withdrawals 48,000 ? 34,560 23,500 ? 15,758 87, 360 41, 932 132, 480 104, 659 6,000 11, 360 3,500 1. 400 ? 2,000 9,750 7. 400 5,875 ? 14,700 0 6,500 8,843 11,000 Problem 1-2A Part 1 Derved