Can someone help me figure this out, I don't know how to start this problem for accounting 1 and need help understanding how to do it

7 OU CUSHI 8 acomes e Forecome 9 Pays $200 on accounts payable Provides $400 services on credit Owner withdraws $50 cash Collects $400 cash on accounts receivable 10 $151 8.413 The following financial statement information is from five separate companies. ncing activity Company Company B Company c Company D Company E Problem 1-2A Computing missing information using accounting knowledge A1 P1 $55,000 24,500 $34.000 21,500 $24,000 9,000 $60,000 40,000 $119,000 7 I accounts ome state- 2 113,000 December 31, 2018 Assets Liabilities. December 31, 2019 Assets Liabilities. During year 2019 Owner investments Net income (loss) Owner cash withdrawals. 58,000 ? 40,000 26,500 85.000 24,000 29,000 70.000 6.000 2 5,139 4988 1,400 2 2.000 8.500 3,500 9.750 8,000 5.875 14,000 6,500 20.000 11,000 0 Lumia sh and e solar Check (1b) $41,500 BX is ne is Required 1. Answer the following questions about Company A. a. What is the amount of equity on December 31, 2018? b. What is the amount of equity on December 31, 2019? c. What is the amount of liabilities on December 31, 2019? 2. Answer the following questions about Company B. a. What is the amount of equity on December 31, 2018? b. What is the amount of equity on December 31, 2019? c. What is net income for year 2019? [continued on next page) of ck. (2c) $1,600