Balancing the Expanded Accounting Equation Glossary HINT 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. Assets Liabilities Beginning of Year: $28,000 $15,000 End of Year: $60,000 $29,000 1) What is the equity at the beginning of the year? 2) What is the equity at the end of the year? Beginning Equity 13000 Ending Equity 31000 3) If the company issues common stock of $6,000 and pay dividends of $38,800, how much is net income (loss)? 4) If net income is $3,700 and dividends are $9,500, how much is common stock? Common Stock 25400 Net Income (Loss) 74800 5) If the company issues common stock of $19,000 and net income is $16,800, how much is dividends? 6) If the company issues common stock of $42,900 and pay dividends of $3,100, how much is net income (loss)? Dividends 4800 Net Income (Loss) (8800) Please review your answer and CHECK ANSWER SKIP TO NEXT S RESET try again