Net Income and Stockholders' Equity for Four Businesses

Four different corporations, Aries, Gemini, Leo, and Pisces, 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		Total Liabilities
Beginning of the year	$90,700		$36,300
End of the year	$145,100		$60,900

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.)

Aries:	No additional common stock was issued, and no dividends were paid.
Gemini:	No additional common stock was issued, but dividends of $6,600 were paid.
Leo:	Additional common stock of $19,100 was issued, but no dividends were paid.
Pisces:	Additional common stock of $23,800 was issued, and dividends of $6,600 were paid.

Enter all amounts as positive numbers.

Aries	Gain or loss?	$
Gemini	Gain or loss?	$
Leo	Gain or loss?	$
Pisces	gain or loss?	$