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Shep Companys records show the following information for the current year: Beginning of year End of year Total assets $ 51,200 $ 81,500 Total liabilities

  • Shep Company’s records show the following information for the current year: Beginning of year End of year Total assets $ 51,200 $ 81,500 Total liabilities $ 22,600 $ 35,600 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 $3,600 was issued, and dividends of $7,600 were paid during the current year. B. Additional common stock of $15,150 was issued, and no dividends were paid during the current year. C. No additional common stock was issued, and dividends of $12,600 were paid during the current year. ANSWER FOR C: $2,900 NEED HELP WITH A AND B

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