Question 5 1 pts On June 1 Acme Inc. has Shareholders' Equity of $58,170. In June the firm sold $10,873 in additional capital stock for cash. In June the form obtained an interest free loan of $45,085 from one of the stockholders. Revenues for June were $21,357. Expenses for June were $12,451 in June the company paid out a total of $1457 in dividends to its shareholders. What is the value of Shareholders' Equity on June 302 1 pts Question 6 Assume that retained earnings increased by $67,156 from June 30 of year 1. to June 30 of year 2. A cash dividend of $12.066 was declared and paid during the year Compute the net income for the year. 1 pts Question 7 On December 31 of year 1. Acme Company had assets of $151,856, liabilities of $95.623, and capital stock of $29,852. During year 2. Acme earned revenues of $44.268 and incurred expenses of $33,627. During year 2 the firm declared and paid Dividends amounting to $2.954. Compute the company's retained earnings (the total amount in the books) on December 31 of year 2