! Required information Problem 1-2A Computing missing information using accounting knowledge LO A1, P1 (The following information applies to the questions displayed below.) The following financial statement information is from five separate companies: Company Company Company Company A B D Company E December 31, 2016 Assets $ 44,000 36,080 $ 34,320 24,024 $ 28,160 15,206 $78,320 54,040 $ 120, 120 ? 49,000 ? 35, 280 23,990 ? 16,086 89, 180 42,806 135, 240 106,839 Liabilities December 31, 2017 Assets Liabilities During year 2017 Owner investments Net income (loss) Owner cash withdrawals 6,000 11,630 3,500 1,400 2 9,750 6,800 5,875 2 15,094 6,500 8,877 2,000 0 11,000 Problem 1-2A Part 2 2a. What is the amount of equity on December 31, 2016 for Company B. Assets = Liabilities + Equity + $ 0 2b. What is the amount of equity on December 31, 2017 for Company B. Assets = Liabilities + Equity $ + + 0 2c. What is net income for year 2017 for Company B. Statement of Owner's Equity Equity, December 31, 2016 0 Equity, December 31, 2017