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Question 5 of 14 Pharoah Company had the following assets and liabilities on the dates indicated. December 31 Total Assets Total Liabilities 2021 $469,000
Question 5 of 14 Pharoah Company had the following assets and liabilities on the dates indicated. December 31 Total Assets Total Liabilities 2021 $469,000 $332,000 2022 $549,000 $382,000 2023 $679,000 $482,000 Pharoah began business on January 1, 2021, with an investment of $98,000 from stockholders. From an analysis of the change in stockholders' equity during the year, compute the net income (or loss) for: (a) 2021, assuming Pharoah paid $21,000 in dividends for the year. Net income (loss) for 2021 (b) 2022, assuming stockholders made an additional investment of $50,000 and Pharoah paid no dividends in 2022. Net income (loss) for 2022 -16 E (c) 2023, assuming stockholders made an additional investment of $37,000 and Pharoah paid dividends of $31,000 in 2023. Net income (loss) for 2023
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