E1-8 net Income and stockholders equity for four businesses Four different companies Chang, Henry, Nagel, and Wilcox 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 Liabilities__ Beginning of the year $775,000 $400,000 End of the Year 900,000 300,000 On the basis of the preceding data and the following additional information for the year, determine the net income (or loss) of each company for the year. (Hint: First determine the amount of increase in stockholders equity during the year.) Company Chang: No additional capital stock was issue, but dividends were paid Company Henry: No additional capital stock was issued, but dividends of 90,000 were paid. Company Nagel: Capital stock of $125,000 was issued, but no dividends were paid. Company Wilcox: Capital stock of $125,000 was issued, and dividends 0f $90,000 were paid.