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Required information [The following information applies to the questions displayed below] The following financial statement information is from five separate companies. Company A Company
Required information [The following information applies to the questions displayed below] The following financial statement information is from five separate companies. Company A Company B Company C Company D Company E Beginning of year Assets Liabilities $ 38,000 31,160 $ 29,640 20,748 $ 24,320 $ 67,640 $ 103,740 13,132 46,671 ? End of year Assets 43,000 30,960 2 78,260 118,680 Liabilities ? 21,052 14,116 37,564 93,757 Changes during the year Owner investments 6,000 1,400 9,750 6,500 Net income (loss) 10,010 ? 6,700 12,727 Owner withdrawals 8,675 3,500 2,000 5,875 e 11,000 What is the amount of equity at the beginning of the year for Company B? b. What is the amount of equity at the end of the year for Company B? c. Compute the net income for the year for Company B by completing the Statement of Owner's equity. Complete this question by entering your answers in the tabs below. Required 2A Required 2B Required 2C Compute the net income for the year for Company B by completing the Statement of Owner's equity. Statement of Owner's Equity Equity, beginning of year $ 8,892 Add Investments by owner 1,400 Add Net income 10,292 Less Withdrawals by owner 2,000 Equity, end of year $ 9,908
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