faise Calculator Net Income and Stockholders' Equity for Four Businesses Four different companies, Sierra, Tango, Yankee, and Zulu, 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 $490,000 175,000 294,000 End of the year 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. (Suggestion: First determine the amount of increase or decrease in stockholders' equity during the year.) Sierra: No additional capital stock was issued, and no dividends were paid Net income v Tango: No additional common stock was issued, but dividends of $55,000 were paid. Net income Yankee: Common stock of $75,000 was issued, but no dividends were paid. Net income v Zulu: Common stock of $75,000 was issued, and dividends of $55,000 were paid. Net income 31,000x 770,000 161,000 119,000 x 86,000 7 Check My Work Previous Next Check My Work