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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 B

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

December 31, 2018

Assets

$

44,000

$

34,320

$

28,160

$

78,320

$

120,120

Liabilities

36,080

24,024

15,206

54,040

?

December 31, 2019

Assets

49,000

35,280

?

89,180

135,240

Liabilities

?

23,990

16,086

42,806

106,839

During year 2019

Stock issuances

6,000

1,400

9,750

?

6,500

Net income (loss)

11,630

?

7,900

15,094

8,877

Cash dividends

3,500

2,000

5,875

0

11,000

3. Compute the amount of assets for Company C on December 31, 2019. (Enter losses amount with a minus sign, wherever required.)

December 31, 2018

Assets

=

Liabilities

+

Equity

=

+

$0

Statement of Shareholder's Equity

Equity, December 31, 2018

Add: Net income

Add: Stock issuances

0

Less: Cash dividend

Equity, December 31, 2019

December 31, 2019

Assets

=

Liabilities

+

Equity

$0

=

+

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