HINT Activity 4.b - Using the Expanded Accounting Equation Using the expanded accounting equation, calculate and enter the answers for each question. You will need to use the answers you calculate for beginning and ending equity to answer the rest of the questions. Assets Liabilities Beginning of Year: $26,000 $18,000 End of Year: $62,000 $25,000 1) What is the equity at the beginning of the year? 2) What is the equity at the end of the year? Beginning Equity 8000 Ending Equity 37000 3) If the company issues common stock of $5,900 and pay dividends of $42,100, how much is net income (loss)? 4) If net income is $3,300 and dividends are $6,700, how much is common stock? Net Income (Loss) 65200 Common Stock 5) If the company issues common stock of $18,100 and net income is $19,700, how much is dividends? 6) If the company issues common stock of $43,900 and pay dividends of $2,100, how much is net income (loss)? Dividends Net Income (Loss)