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Lily Company had the following assets and liabilities on the dates indicated. Lily began business on January 1, 2010, with an investment of $104,890 from
Lily Company had the following assets and liabilities on the dates indicated. Lily began business on January 1, 2010, with an investment of $104,890 from stockholders. From an analysis of the change in stockholders' equity during the year, compute the net income (or loss) for: (If a net loss, record amount using either a negative sign preceding the number eg -45 or parentheses eg (45).) 2010, assuming Lily paid $14,933 in dividends for the year. $ 2011, assuming stockholders made an additional investment of $52,547 and Lily paid no dividends in 2011 $. 2012, assuming stockholders made an additional investment of $11,569 and Lily paid dividends of $32,733 in 2012. $
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