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please include work if possible Chapter 2 Homework Calculator Net Income and Stockholders' Equity for Four Businesses Four different corporations, Aries, Gemini, Leo, and Pisces,
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Chapter 2 Homework Calculator Net Income and Stockholders' Equity for Four Businesses Four different corporations, Aries, Gemini, Leo, and Pisces, show the same balance sheet data at the beginning and end of a year. These data, exclusive of the amount of stockholders' equity, are summarized as follows: Total Assets Total Liabilities Beginning of the year End of the year $ 87,100 $ 139,400 $ 34,800 $ 58,500 DOWN 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.) Aries: No additional capital stock was issued, and no dividends were paid. Gemini: No additional common stock was issued, but dividends of $6,000 were paid. Leo: Common stock of $37,200 was issued, but no dividends were paid. Pisces: Common stock of $21,600 was issued, and dividends of $5,100 were paidStep by Step Solution
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