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Please use the attached table to answer the following questions. Company A Company B Company C Company D Company E December 31 2010 Assets $35,000
Please use the attached table to answer the following questions. Company A Company B Company C Company D Company E December 31 2010 Assets $35,000 $27,300 $22,400 $62,300 $95,550 Utilities 28,700 19,110 12.095 42,987 ? December 31 2011 Assets 38,000 27,360 ? 69,160 104,880 Utilities ? 18,604 12,475 33,196 82,855 During year 2011 Owner investments 6,000 1,400 9,750 2 6,500 Net income (Loss) 8,300 7 (1,194) 9,651 7,415 Owner cash withdrawals 3,500 2,000 5,875 0 71,000 1. What is the amount of equity on December 31, 2011? 2. What is the amount of liabilities on December 31, 2011? 3. What is the net income for the year 2011? 4. Calculate the amount of assets for Company Con December 31, 2011, 5. Calculate the amount of owner investments for Company D during the year 2011. 6. Calculate the amount of liabilities for company E on December 31, 2010. Please provide the formula used to get the answer to these questions
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