Activity 4.b - Using the Expanded Accounting Equation Using the expanded accounting equation, calculate and enter the answers for each question. You will need to use the answers you calculate for beginning and ending equity to answer the rest of the questions. Beginning of Year: End of Year: Assets Liabilities $29,000 $15,000 $61,000 $27,000 3) If the company issues common stock of $7,500 and pay dividends of $38,200, how much is net income (loss)? Net Income (Loss) 4) If net income is $1,100 and dividends are $8,200, how much is common stock? Common Stock HIN 5) If the company issues common stock of $18,400 and net income is $15,600, how much is dividends? Dividends 6) If the company issues common stock of $42,000 and pay dividends of $3,900, how much is net income (loss)? Net Income (Loss)