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Please help me figure out my mistake in this problem. Two of the numbers are incorrect. Required information (The following information applies to the questions
Please help me figure out my mistake in this problem. Two of the numbers are incorrect.
Required information (The following information applies to the questions displayed below.) The following financial statement information is from five separate companies. Company Company Company Company Company $111,930 $41,000 33,620 $31,980 22,386 $26,240 $72,980 14,1695 0, 356 December 31, 2018 Assets Liabilities December 31, 2019 Assets Liabilities During year 2019 Stock issuances Net income (loss) Cash dividends 46,000 ? 33,120 22,521 83,720 40,185 126,960 100, 298 15,101 6,000 10,820 3,500 1,400 ? 2,000 9,750 6,200 5,875 13,911 0 8 6,500 ,776 11.000 5. Compute the amount of liabilities for Company E on December 31, 2018. December 31, 2019 Assets = $ 126,960 = Liabilities + $ 100,298 + Equity $ 26,662 Statement of Shareholder's Equity Equity, December 31, 2018 1 $ 111,930 Add: Stock issuances 6,500 Add: Net income 8,776 127,206 Less: Cash dividends 11,000 Equity, December 31, 2019 $ 116,206 December 31, 2018 Assets = $ 111,930 = Liabilities $ 80,992 + + Equity 30,938 $ Step by Step Solution
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