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IS Help System Announcements ganat, Financial and Managerial, 3e Question 3 Whispering Winds Corp. had the following assets and liabilities on the dates indicated. December

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IS Help System Announcements ganat, Financial and Managerial, 3e Question 3 Whispering Winds Corp. had the following assets and liabilities on the dates indicated. December 31 Total Assets Total Liabilities 2019 $490,000 $183,000 2020 $570,000 $233,000 2021 $700,000 $333,000 Whispering Winds began business on January 1, 2019, with an investment of $95,000 from stockholders. From an analysis of the change in stockholders' equity during the year, compute the net income (or loss) for: (a) 2019, assuming Whispering Winds paid $25,000 in dividends for the year. Net income (loss) for 2019 (b) 2020, assuming stockholders made an additional investment of $40,000 and Whispering Winds paid no dividends in 2020. Net income (loss) for 2020 (c) 2021, assuming stockholders made an additional investment of $19,000 and Whispering Winds paid dividends of $29,000 in 2021. Net Income (loss) for 2021 $ Click if you would like to Show Work for this question: Open Show Work

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