a. In its first year its income statement showed a profit of $95,000. What would the equity section of the balance sheet show? (2 marks) b. In its second year, its income statement showed a loss of $54,000 and it paid a dividend of $25,000. What would the equity section of the balance sheet show? (2 marks) IC In its third year, its income statement showed a profit of $145,000, it paid a dividend of $40,000 and issued shares for $15,000. What would the equity section of the balance sheet show? (2 marks) Craigco began with an investment by shareholders of $3750,000. 1 X " B I T. a. In its first year its income statement showed a profit of $95,000. What would the equity section of the balance sheet show? (2 marks) I b. In its second year, its income statement showed a loss of $54,000 and it paid a dividend of $25,000. What would the equity section of the balance sheet show? (2 marks) c In its third year, its income statement showed a profit of $145,000, it paid a dividend of $40,000 and issued shares for $15,000. What would the equity section of the balance sheet show? (2 marks)