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 Company D E December 31, 2016 Assets $55,000 $34,000 $24,000 Liabilities 24,500 21,500 9,000 $60,000 40,000 $119,000 2 December 31, 2017 Assets 58,000 40,000 85,000 113,000 Liabilities 7 26,500 29,000 24,000 70,000 During year 2017 Stock issuances 6,000 1,400 9,750 7 6,500 Net income (loss) 8,500 2 8,000 14,000 20,000 Cash dividends 3,500 2,000 5,875 0 11,000 Problem 1-2A Part 5 5. Compute the amount of liabilities for Company E on December 31, 2016. December 31, 2017 Assets $ 113,000 = Liabilities + Equity $ 70,000 + $ 43,000