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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 Company Company B
Required information [The following information applies to the questions displayed below.) The following financial statement information is from five separate companies. Company Company Company B Company D Company E $ 48,000 39,360 $ 37,440 26,208 $30, 720 16,588 $85,440 58,953 $ 131,040 ? December 31, 2018 Assets Liabilities December 31, 2019 Assets Liabilities During year 2019 Stock issuances Net income (loss) Cash dividends 53,000 ? 38,160 25,948 ? 17,399 96,460 46,300 146,280 115,561 1,400 6,000 12,710 3,500 9,750 6,700 5,875 ? 16,673 0 6,500 9,011 11,000 2,000 2a. What is the amount of equity on December 31, 2018 for Company B. Assets Liabilities 26,208 37,440 = Equity 11,232 $ + $ 2b. What is the amount of equity on December 31, 2019 for Company B. Assets S 38,160 Liabilities $ 25,948 Equity $ 12,212 + 2c. What is net income for year 2019 for Company B. Statement of Shareholder's Equity Equity, December 31, 2018 $ 11,232 Add: Net income Add: Stock issuances 1,400 12,632 Less: Cash dividends (2.000) Equity, December 31, 2019
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