Please answer number (3) in the 2 questions
The following amounts are available from the records of Coaches and Carriages Inc at the end of the years indicated: December 31 Total Assets Total Liabilities 2015 $47,800 $23,000 2016 160,900 138,000 2017 381,900 282,900 Required: 1. Compute the changes in Coaches and Carriages owners equity during 2016 and 2017. If the change is a decrease enter your answer as a negative number using a minus sign 2016 change in owners' equity -1,900 2017 change in owners' equity 76,100 2. Compute the amount of Coaches and Carriages' net income (or loss) for 2016 assuming that no dividends were paid and the owners made no additional contributions during the year. If the amount is a loss, enter your answer as a negative number using a minus sian - 1,900 3. Compute the amount of Coaches and Carros net income (or loss) for 2017 assuming that dividends paid during the year amounted to $11,000 and no additional contributions were made by the owners. If the amount is a loss, enter your answer as a negative number using a minussion $ 110,000 X eBook Show Me How Video Print Item The Accounting Equation Ginger Enterprises began the year with total assets of $500,000 and total liabilities of $250,000. Using this information and the accounting equation, answer each of the following independent questions. 1. What was the amount of Ginger's owners' equity at the beginning of the year? 250,000 V 2. If Ginger's total assets. Increased by $200,000 and its total liabilities increased by $77,000 during the year, what was the amount of Ginger's owners equity at the end of the year? 273,000 3. If Ginger's total liabilities increased by $33,000 and its owners equity decreased by $58,000 during the year, what was the amount of its total assets at the end of the year? 455,000 X 4. If Ginger's total assets doubled to $1,000,000 and its owners equity remained the same during the year, what was the amount of its total liabilities at the end of the year 750,000