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 B D Company E $55,000 24,500 $ 34,000 21,500 $24,000 $60,000 9,000 40,000 $119,000 ? December 31, 2016 Assets Liabilities December 31, 2017 Assets Liabilities During year 2017 Stock issuances Net income (loss) Cash dividends 58,000 ? 40,000 26,500 ? 29,000 85,000 24,000 113,000 70,000 6,000 8,500 3,500 1,400 ? 2,000 9,750 8,000 5,875 ? 14,000 0 6,500 20,000 11,000 Problem 1-2A Part 2 2c. What is net income for year 2017 for Company B. Statement of Shareholder's Equity Equity, December 31, 2016 $ Add: Stock issuances 12,500 1,400 Add: Net income ces Less: Cash dividends Equity, December 31, 2017 13,900 2,000