Below is the balance sheet for Glucose Control Company as of Dec. 31, 2021. The company reported an annual net income of $83,000 for the following year, 2022, but did not change its assets or liabilities, unless otherwise noted. Part 1 Attempt 2/10 for 10pts. If the company distributed its entire net income as dividends, what would be the value of total equity on Dec. 31,2022 ? Correct Since the compary pays out all its net income and does not retain any earnings, the value of equity as well as all other balance sheet items are unaffected. The total value of equity is thus still $39,000. Part 2 Attempt 4/10 for 10pts. If the company distributed half of its net income as dividends and used the rest to invest in new machines, what would be the value of total equity on Dec. 31, 2022? Part 3 . Attempt 1/10 for 10pts. If the company didn't pay any dividends, but used the entire net income to pay back long-term debt, what would be the value of total equity on Dec. 31, 2022? Part A Attempt 1/10 for 10pts. If the company distributed half of its net income as dividends, used the rest to invest in new machines and sold all its marketable securities to pay back some long-term debt, what would be the value of total equity on Dec. 31,2022