Required a. At the end of 2018, Barth Company reported the following assets and liabilities: Cash, $8,800; Accounts Receivable, $18,400; Equipment, $9,000; Land, $50,000; and Accounts Payable, $7,500. Prepare a year-end balance sheet for Barth. (Hint: Report equity as a single total.) BARTH COMPANY Balance Sheet Cash Accounts Receivable Equipment Land Total Assets December 31, 2018 Assets Liabilities 8,800 Accounts Payable $ 7,500 18,400 9,000 50,000 Equity $ 86,200 Stockholders' Equity Total Liabilities and Equ 78,700 86,200 b. Assuming that Barth did not issue any common stock during the year but paid $12,000 cash in dividends, what was its net income or net loss for 2018? $ 23,200 c. Assuming that Barth issued an additional $13,500 common stock early in the year but paid $21,000 cash in dividends before the end of the year, what was its net income or net loss for 2018? $ 12,200 x Check Previous Save Answers Next