Net Income and Stockholders' Equity for Four Businesses A list of the assets, liabilities, and stockholders' equity as of a specific date, usually at the close of the last day of a month or a year. Four different corporations, Cancer, Libra, Sagittarius, and Virgo, show the same balance sheet data at the beginning and end of a year. These data, exclusive of the amount of stockholders' equity, are summarized as follows: Total Assets Beginning of the year End of the year $68,300 $109,300 Total Liabilities $27,300 $45,900 On the basis of the above data and the following additional information for the year, determine the net income (or loss) of each company for the year. (Hint: First, determine the amount of increase or decrease in stockholders' equity during the year.) Cancer: Libra: Sagittarius: Virgo: No additional common stock was issued, and no dividends were paid. No additional common stock was issued, but dividends of $4,300 were paid. Additional common stock of $9,900 was issued, but no dividends were paid. Additional common stock of $24,500 was issued, and dividends of $5,400 were paid. Enter all amounts as positive numbers. Cancer Net Income Libra Net Income Sagittarius Net Income Virgo Net Income Feedback Check My Work Consider the impact that investments, dividends and net income/net loss have on the stockholders' capital account. Check My Work Previous Next >