Assets Liabilities

Beginning of Year: $26,000 $15,000

End of Year: $62,000 $28,000

1) What is the equity at the beginning of the year?

Beginning Equity _____________

2) What is the equity at the end of the year?

Ending Equity _______________

3) If the company issues common stock of $5,900 and pay dividends of $39,900, how much is net income (loss)?

Net Income (Loss) __________________

4) If net income is $1,700 and dividends are $8,700, how much is common stock?

Common Stock _______________

5) If the company issues common stock of $16,400 and net income is $18,000, how much is dividends?

Dividends ________________

6) If the company issues common stock of $41,300 and pay dividends of $3,300, how much is net income (loss)?

Net Income (Loss) ___________________