PA$2.$ LO $2\mathrm{.}1$ Each situation below relates to an independent companys owners equity.A$.$ Calculate the missing values.B$.$ Based on your calculations, make observations about each company.$$SolutionA$.$Beginning Balance$+$Net IncomeNet Loss$+$InvestmentsDistributions$=$Ending BalanceCo. $1$$$16,500$$$0$$$22,300$$$1,750$$$37,050$Co$.2$$$63,180$$$0$$$12,000$$$0$$$44,880$Co$.3$$$275,300$$$0$$$0$$$24,100$$$299,400$B$.$ ObservationsCompany $1$:$$Company $2$:$$Company $3$: