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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: Total Assets Total Liabilities Beginning of the year $77,200 $30,900 End of the year $123,500 $51,900 On the basis of the above data and the following additional information for the year, determine the net Income (or low) 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 $5,600 were paid. Sagittarius: Additional common stock of $14,600 was issued, but no dividends were paid Virgo Additional common stock of $11,800 was issued, and dividends of $5,100 were paid. Cancer Net Income Libra Net Income 3 Net Income Sagittarius Virgo Net Income

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