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Haggerty Company's comparative balance sheet at January 31, 2022, and 2021, reports the following (in millions) (Click the loon to view the comparative balance sheet.)
Haggerty Company's comparative balance sheet at January 31, 2022, and 2021, reports the following (in millions) (Click the loon to view the comparative balance sheet.) Read the requirements CITYS Points: 0 of 1 Begin by reviewing the labels for the change in stockholders' equity and then enter the amounts for each situation. (Enter an amount in each input area. Input a "0" when there is no amount to be enter sign or parentheses when entering net losses or numbers to be subtracted) Total stockholders' equity, January 31, 2021 Situation #1 30 Requirements Add: Issuance of stock Net income Less: Dividends declared Net lose 25 14 40 Total stockholders' equity, January 31, 2022 62 Data table 2022 2021 Total assets $ 80 5 51 Total liabilities 18 21 Print Done Etext pag Get more help. The following are three situations related Haggerty Company's issuance of stock and declaration and payment of dividends during the year ended January 31, 2022. For each situation, use the accounting equation and what you know from the chapter about stockholders' equity, common stock, and retained eamings to calculate the amount of Haggerty's net income or net loss during the year ended January 31, 2022. 1. Haggerty issued $7 million of stock and declared no dividends 2. Haggerty issued no stock but declared dividends of $4 million. 3. Haggerty issued $10 million of stock and declared dividends of $20 million. Print Done
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