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Bookmarks People Tab Window Help Show Me How Four different corporations, Cancer, Libra, Sagittarius, and Virgo, show the same balance sheet data at the beginning

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Bookmarks People Tab Window Help Show Me How Four different corporations, Cancer, Libra, Sagittarius, and Virgo, show the same balance sheet data at the beginning and end of a year. These data, exclusive of the amount of stockholders' equity, are summarized as follows: Total Assets Total \"abilities Beginning of the year $102,500 $41,000 End of the year $164,000 $68,900 Net income and Stockholders' Equity for Four Businesses { '2. i On the basis of the above data and the following additional information for the year, determine the net income (or loss) of each company for the year. i (Hint: First determine the amount of increase or decrease in stockholders' equity during the year.) Cancer: No additional common stock was Issued, and no dividends were paid. Libra: No additional common stock was issued, but dividends of $7,100 were paid.

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