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Four different companiesChang, Henry, Nagel, and Wilcoxshow the same balance sheet data at the beginning and end of a year. This data, exclusive of the

Four different companiesChang, Henry, Nagel, and Wilcoxshow the same balance sheet data at the beginning and end of a year. This data, exclusive of the amount of stockholders' equity, are summarized as follows:

Total Assets Total Liabilities
Beginning of the year $105,600 $42,200
End of the year 169,000 71,000

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.

Company Chang: No additional capital stock was issued, and no dividends were paid.
Company Henry: No additional capital stock was issued, but dividends of $8,700 were paid.
Company Nagel: Capital stock of $33,900 was issued, but no dividends were paid.
Company Wilcox: Capital stock of $40,900 was issued, and dividends of $6,600 were paid.

Select "Net Income" or "Net Loss" from the dropdown menus below. Enter all amounts as positive numbers.

Company Chang Net IncomeNet LossNet Income $fill in the blank 2
Company Henry Net IncomeNet LossNet Income $fill in the blank 4
Company Nagel Net IncomeNet LossNet Income $fill in the blank 6
Company Wilcox Net IncomeNet LossNet Income $fill in the blank 8

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