Begin by identifying the accounting equation and the formula to calculate the change in the stockholders' equity during a period (Abbreviations used Beg equity beginning equity; End. equity = ending equity.) Accounting equation: Assets = Liabilities + Equity Stockholders' equity equation: Beg. equity + Common stock issued + Net income or - Net loss - Dividends = End equity For each of the following situations that occurred in June, 2024 with regard to common stock and dividends of a corporation, compute the amount of net income or net loss during June 2024. (Use a minus sign or parentheses for a net loss.) a. The company issued $5,000 of common stock and paid no dividends. Net income (loss) is Data table May 31, 2024 June 30, 2024 Total Assets $ 222,000 $ Total Liabilities 88,000 244,000 66,000 Print Done