A company had the following assets and liabilities at the beginning and end of this year. Assets Liabilities Beginning of the year $ 125,500 $ 53,802 End of the year 168,000 68,040 a. Owner made no investments in the business, and no dividends were paid during the year b. Owner made no investments in the business, and dividends pald were $13,800 during the year, c. No dividends were paid during the year, but the owner did Invest an additional $45,000 cash in exchange for common stock d. Dividends paid were $13,800 during the year, and the owner did invest an additional $35,000 cash near year-end in exchange for common stock Determine net income or net loss for the business during the year for each of the above separate cases (Decreases in equity should be indicated with a minus sign.) d 5 0 $ 0 $ Beginning of the year-Equity Owner investments Dividends Net Income (5) End of the year-Equity $ O $ $ 0 Angela Lopez owns and manages a consulting firm called Metrix, which began operations on December 1. On December 31, Metrix shows the following selected accounts and amounts for the month of December Cash $ 11,000 Common stock $ 17,600 Accounts receivable 5,000 Dividends 3,500 Notes receivable 4,000 Consulting revenue 19,500 Office supplies 3,000 Rental revenue 2,000 Prepaid insurance 2,500 Salaries expenso 4,500 Equipment 11,500 Rent expense 3,500 Accounts payable 6,100 Advertising expense 700 Notes payable 3,900 Utilities expenso 500 Unearned revenue 600 Required: 1. Prepare a December income statement for the business. 2. Prepare a December statement of retained earnings. The Retained Earnings account balance at December 1 was $0. 3. Prepare a December 31 balance sheet. Hint: Use the Retained Earnings account balance calculated in part 2. requireu. 1. Prepare a December income statement for the business. 2. Prepare a December statement of retained earnings. The Retained Earnings account balance at December 1 was $0. 3. Prepare a December 31 balance sheet. Hint: Use the Retained Earnings account balance calculated in part 2 Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a December statement of retained earnings. The Retained Earnings account balance at December 1 was $0. METRIX Statement of Retained Earnings 0 Retained earings, December 1 Add: Net income 0 Less: Dividends 3,500 Retained earings, December 31 $ -3,500