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Shep Company's records show the following information for the current year: Beginning of year End of year Total assets $ 53,200 $ 84,000 Total liabilities

Shep Company's records show the following information for the current year:Beginning of year End of year Total assets $ 53,200 $ 84,000 Total liabilities $ 23,600 $ 36,600 Determine net income (loss) for each of the following separate situations. (For all requirements, losses should be entered with a minus sign.) a. Additional common stock of $4,600 was issued, and dividends of $8,600 were paid during the current year. b. Additional common stock of $15,400 was issued, and no dividends were paid during the current year. c. No additional common stock was issued, and dividends of $13,600 were paid during the current year. .

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