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Shep Company's records show the following information for the current year: Total assets Total liabilities Beginning of year $ 57,600 $ 25,800 End of
Shep Company's records show the following information for the current year: Total assets Total liabilities Beginning of year $ 57,600 $ 25,800 End of year $ 89,500 $ 38,800 Determine net income (loss) for each of the following separate situations. Note: For all requirements, losses should be entered with a minus sign. a. Additional common stock of $6,800 was issued, and dividends of $10,800 were paid during the current year. b. Additional common stock of $15,950 was issued, and no dividends were paid during the current year. c. No additional common stock was issued, and dividends of $15,800 were paid during the current year. a. Net income (loss) b. Net income (loss) c. Net income (loss) S O $9 S D $9 r D
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