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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
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 th amount of stockholders' equity, are summarized as follows: Total Assets Total Liabilities Beginning of the year $95,900 $38,400 $64,400 End of the year $153,400 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: No additional common stock was issued, and no dividends were paid. Libra: No additional common stock was issued, but dividends of $6,000 were paid. Sagittarius: Additional common stock of $18,000 was issued, but no dividends were paid. Virgo: Additional common stock of $32,400 was issued, and dividends of $8,500 were paid. Enter all amounts as positive numbers. Cancer Libra ull Sagittarius Virgo
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