Beginning of Year Assets: $29,000 Liabilities: $17,000

End of Year Assets: $60,000 Liabilities: $29,000

1.) If the company issues common stock of $9500 and pays dividends of $44,800, how much is net income (loss)?

2.) If net income is $3,000 and dividends are $7,200, how much is common stock?

3.) If the company issues common stock of $19,200 and net income of $15,800, how much is dividends? If the company issues common stock of $42,200 and pays dividends of $2,000, how much is net income (loss)?