Logan Corporation began with an investment by shareholders of $48,000. a. In its first year of operations, its income showed a deficit of $7,800. What would the equity section of its balance sheet show at year end (3 marks)? 6 7 3 Amount in $ Balance Sheet Account: Common Shares Retained Earnings Total Shareholders' Equity 1 b. In the second year, it had an income of $15,800 and a dividend of $6,800 was paid. What would the equity section of its balance sheet show at year end (3 marks)? Rolana Shoot Account: Amount in 12 b. In the second year, it had an income of $15,800 and a dividend of $6,800 was paid. What would the equity section of its balance sheet show at year end (3 marks)? 18 Amount in $ 15 16 17 18 19 Balance Sheet Account: Common Shares Retained Earnings Total Shareholders' Equity 20 21 22 23 24 25