P HIE HUUUUU UIT DULU. ILUUUTTU ut liugust 15 c Company S III SC TONIT 01 Dusiness. E1.10 (LO 5) Kinney A.. had the following assets and liabilities on the dates indicated. December 31 Total Assets Total Liabilities + Total Equity 2019 400,000 +250,000 150,000 2020 +460,000 +300,000 2021 +590,000 400,000 160,000 Kinney began business on January 1, 2019, with an investment of t100,000. 190,000 Instructions From an analysis of the change in equity during the year, compute the net income (or loss) for: a. 2019, assuming Kinney's paid t12,000 in dividends for the year. 7 b. 2020, assuming shareholders made an additional investment of t34,000 and Kinney paid no divi- dends in 2020. c. 2021, assuming shareholders made an additional investment of t12,000 and Kinney paid dividends of +25,000 in 2021. F1 11011 Time items are amitted from each of the following summaries of statement of financial position