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Changes in Owners' Equity The following amounts are available from the records of Coaches and Carriages Inc. at the end of the years indicated:
Changes in Owners' Equity The following amounts are available from the records of Coaches and Carriages Inc. at the end of the years indicated: December 31 Total Assets Total Liabilities 2015 $43,700 $21,000 2016 142,800 121,800 2017 337,100 249,700 Required: 1. Compute the changes in Coaches and Carriages owners' equity during 2016 and 2017. If the change is a decrease, enter your answer as a negative number using a minus sign. 2016 change in owners' equity 2017 change in owners' equity 2. Compute the amount of Coaches and Carriages' net income (or loss) for 2016 assuming that no dividends were paid and the owners made no additional contributions during the year. If the amount is a loss, enter your answer as a negative number using a minus sign. 3. Compute the amount of Coaches and Carriages' net income (or loss) for 2017 assuming that dividends paid during the year amounted to $12,600 and no additional contributions were made by the owners. If the amount is a loss, enter your answer as a negative number using a minus sign.
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