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Drag the account types to form the expanded accounting equation. Begin the equity section with Contributed Capital + Retained Earnings. Then, identify whether the item increases, '+', or decreases, '"', equity. OOOOO Common Stock: Cash ... Dividends Accounts Receivable Accounts Payable Revenues ... Expenses Unearned Revenues Assets ... Liabilities Drag card here Drag card here Drag card here Drag card here Drag card here Drag card here 2 Enter the missing value to balance the equation. = 32,000 + 40,000 - 28,000 + 33,000 18,000 78,000 + 15,000 15,000 + 41,000 12,000 61,200 = 41,000 + 800 + 20,000 5,000 3 OOOO Identify the part of the expanded accounting equation for each account title. Equipment Common Stock Interest Expense Asset Common Stock Dividends Expense Liability Revenue Service Revenue Build a T-account for each account title. Label the DR (debit), CR (credit), NB (normal balance), and "+" or "-". Debit Credit Normal Balance Prepaid Rent Common Stock Dividends + + Salaries (and Wages) Expense Unearned Revenue Interest Revenue + + + + + + Using the expanded accounting equation, calculate and enter the answers for each question. You will need to use the answers you calculate for beginning and ending equity to answer the rest of the questions. Assets Liabilities Beginning of Year: $29,000 $19,000 End of Year: $60,000 $29,000 1) What is the equity at the beginning of the year? 2) What is the equity at the end of the year? Beginning Equity Ending Equity 3) If the company issues common stock of $9,800 and pay dividends of $41,100, how much is net income (loss)? 4) If net income is $3,700 and dividends are $6,400, how much is common stock? Net Income (Loss) Common Stock 5) If the company issues common stock of $16,300 and net income is $16,000, how much is dividends? 6) If the company issues common stock of $43,700 and pay dividends of $4,800, how much is net income (loss)? Dividends Net Income (Loss)