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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, 2016
Assets $ 30,000 $ 23,400 $ 19,200 $ 53,400 $ 81,900
Liabilities 24,600 16,379 10,368 36,846 ?
December 31, 2017
Assets 33,000 23,760 ? 60,060 91,080
Liabilities ? 16,156 10,833 28,828 71,953
During year 2017
Stock issuances 6,000 1,400 9,750 ? 6,500
Net income (loss) 6,950 ? (1,430 ) 7,678 7,247
Cash dividends 3,500 2,000 5,875 0 11,000

2a. What is the amount of equity on December 31, 2016 for Company B.

2b. What is the amount of equity on December 31, 2017 for Company B.

2c. What is net income for year 2017 for Company B.

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