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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
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.) Amber: No additional common stock was issued, and no dividends were paid. Blue: No additional common stock was issued, but dividends of $6,400 were paid. Coral: Additional common stock of $26,200 was issued, but no dividends were paid. Daffodil: Additional common stock of $32,000 was issued, and dividends of $7,800 were paid. Enter all amounts as positive numbers
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