Net IncomeandStockholders' Equityfor FourBusinesses

Four differentcorporations, Cancer, Libra, Sagittarius, and Virgo, show the samebalance sheetdata at the beginning and end of a year. These data, exclusive of the amount of stockholders' equity, are summarized as follows:

Total AssetsTotal LiabilitiesBeginning of the year$97,700$39,100End of the year$156,300$65,600

On the basis of the above data and the following additional information for the year, determine the net income (orloss) of each company for the year.

(Hint: First, determine the amount of increase or decrease in stockholders' equity during the year.)

Cancer:No additional common stock was issued, and no dividends were paid.

Libra:No additional common stock was issued, but dividends of $8,700 were paid.

Sagittarius:Additional common stock of $31,300 was issued, but no dividends were paid.

Virgo:Additional common stock of $17,400 was issued, and dividends of $7,100 were paid.

Enter all amounts as positive numbers.

Cancer$

Libra$

Sagittarius$

Virgo $