K Alan Wood Cabinet's balance sheet data at May 31, 2018, and June 30, 2018, follow: (Click the icon to view the balance sheet data.) Read the requirement. Requirement For each of the following situations that occurred in June, 2018 with regard to common stock and dividends of a corporation, compute the amount of net income or net loss during June 2018. a. The company issued $18,000 of common stock and paid no dividends. b. The company issued no common stock. It paid cash dividends of $7,500. c. The company issued $20,000 of common stock and paid cash dividends of $18,000. Print Done ity during a period. (Al - X Begin by identifying the accounting equation and the formula to calculate the change in the stockholders' equity during a period. (Abbreviations used: Beg. equity beginning equity; End. equity = ending equity.) Accounting equation: Stockholders' equity equation: e requirement. iden begi ing der Data table May 31, 2018 Total Assets $ 166,000 $ Total Liabilities 155,000 June 30, 2018 Print Done 244,000 66,000 - - X ckholders' equity during a