ABC companyreportedthe following information: January 1, 2019 Total Assets $80,000 December 31, 2019 Total Assets $90,000 Total Liabilities $30,000 Total Liabilties $31.000 During the yearompanyhad no additionalinvestment and reported $3,000 as dividends. Instruction: Compute the following: 1. Equityatlanuary 1, 2019 2. Equitya December 31, 2019 3. Net Income for the year 2019