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Question 4 (3 points) Baltimore Company experienced an increase in total assets of $13,500 during the current year. During the same time period, total
Question 4 (3 points) Baltimore Company experienced an increase in total assets of $13,500 during the current year. During the same time period, total liabilities increased $2,600. Shareholders made no investments during the year and no dividends were paid. How much was Baltimore's net income? Your Answer: Answer Question 5 (3 points) Annapolis Corporation's trial balance included debits to expense accounts of $180,000, credits to revenue accounts of $204,000, and debits to the Dividends account of $50,000. Based on this information, what is the amount of the company's net income or loss? Enter a loss as a negative number. Your Answer: Answer
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