As of the and of the acc CChegg.com Dave Ryan is the CEO of Ryan's Arcade. At the end of its accounting period, December 31, Ryan's Arcade has assets of $450,000 and abilities of $125,000. Using the accounting equation, determine the following amounts: a. Stockholders' equity as of December 31 of the current year. b. Stockholders' equity as of December 31 at the end of the next year, assuming that assets increased by $65,000 and liabilities increased by $35,000 during the year. CDave Ryan is the CEO of My Your question was anew... C As of the end of the acc C Chegg.com As of the end of its accounting period, December 31, Year 1, Great Plains Company has assets of $929,506 and liabilities of $278,400. During Year 2, stockholders invested an additional $28,746 and received $25,507 in dividends from the business. What is the amount of net income during Year 2, assuming that as of December 31, Year 2, assets were $980,037 and liabilities were $235,866? a. $89,826 b. $25,507 c. $50,531 Od. $42,534