Company A Company Company Company Company B D E $119.000 $55.000 24.500 $34.000 21,500 $24,000 9,000 $60,000 40,000 113,000 December 31. Year Assets Liabilities December 31. Year 2 Assets Liabilities During year Year 2 Owner investments Net profit (loss) Owner cash withdrawals 58.000 ? 40,000 26,500 85,000 24,000 29,000 70,000 6,000 8.500 3.500 1,400 ? 2,000 9.750 8.000 5.875 14,000 0 6,500 20.000 11.000 Required 1. Answer the following questions about Company A. a. What is the amount of equity on December 31. Year 1? b. What is the amount of equity on December 31. Year 2? c. What is the amount of liabilities on December 31. Year 2? Check (16) $41,500 2. Answer the following questions about Company B. a. What is the amount of equity on December 31. Year 1? b. What is the amount of equity on December 31. Year 2? c. What is niet profit for Year 2? 129 $1,600 3. Compute the amount of assets for Company Con December 31. Year 2. (3) $55,875 4. Compute the amount of owner investments for Company D during year Year 2 5. Compute the amount of liabilities for Company E on December 31. Year Page 34