Search this book PA 2. LO 2.1 Each situation below relates to an independent company's owners' equity Beginning Balance Net . Income Net Loss Investments Co.1 Co.2 7 $16,500 $ 0 $22,300 of Co.3 $ 63,180 275,300 7 12,000 0 0 Distributions $1,750 ? Ending Balance $ 37,050 44,880 0 24,100 299,400 A. Calculate the missing values. urrent d B. Based on your calculations, make observations about each company. PA 3. LO 2.1 The following information is from a new business. Comment on the year-to-year changes in the accounts and possible sources and uses of funds (how were the funds obtained and used) nd Assets Liabilities Owner's Equity End of Year 1 $245,000 $120,000 $125,000 End of Year 2 286,000 150,000 136.000 End of Year 3 212,000 80,000 132,000