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Net Income and Stockholders' Equity for Four Businesses Four different corporations, Cancer, Libra, Sagittarius, and Virgo, show the same balance sheet data at the beginning

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Net Income and Stockholders' Equity for Four Businesses 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: 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. Cancer: No additional common stock was issued, and no dividends were paid. Libra: No additional common stock was issued, but dividends of $5,900 were paid. Sagittarius: Additional common stock of $31,900 was issued, but no dividends were paid. Virgo: Additional common stock of $14,200 was issued, and dividends of $5,300 were paid

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