Build a T-account for each account title. Label the DR (debit), CR (credit), NB (normal balance), and "+" or "-". Debit Credit Normal Balance Cash Common Stock Dividends - + + + + 1 + Debit Debit Credit Normal Balance Normal Balance Normal Balance Credit Credit Debit Insurance Expense Salaries (and Wages) Payable Service Revenue + + + + - + + Debit Credit Debit Credit Debit Normal Balance Normal Balance Normal Balance Credit 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 $28,000 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 32000 3) If the company issues common stock of $9,400 and pay dividends of $38,200, how much is net income (loss)? 4) If net income is $2,600 and dividends are $5,800, how much is common stock? Net Income (Loss) 47800 Common Stock 22200 5) If the company issues common stock of $15,100 and net income is $16,900, how much is dividends? 6) If the company issues common stock of $43,400 and pay dividends of $1,100, how much is net income (loss)? Dividends 13000 Net Income (Loss) -23300