b. What is the amount of equity at the end of the year? C. What is net income for the year? (2c) $1,600 (3) $55,875 3. Compute the amount of assets for Company C at the end of the year. 4. Compute the amount of stock issuances for Company D during the year. 5. Compute the amount of liabilities for Company E at the beginning of the year.The following financial statement information is from five a. What is the amount of equity at the beginning of separate companies. the year? Company Company Company Company Company B C D E b. What is the amount of equity at the end of the Beginning of your year? Assets . . . . . $55,000 $34.000 $24,000 $60,000 $119,000 Liabilities. . . 24,500 21.500 9,000 40.000 End of year C. What is the amount of liabilities at the end of the Assets ... 58,000 40,000 85,000 113,000 Liabilities. . . . . 26,500 29,000 24,000 70,000 year? Changes during the year Stock issuances . 6,000 1,400 9,750 6,500 Check (1b) $41,500 Net income (1055) . . . . . . . . 8,500 ? 8,000 14.000 20,000 Cash dividends.. 3,500 2,000 5,875 0 11,000 2. Answer the following questions about Company Required B. 1. Answer the following questions about Company a. What is the amount of equity at the beginning of A. the year