Shep Company's records show the following information for the current year: Beginning of year $50,800 End of year $ 81,000 $ 22,400 $ 35,400 Total assets Total liabilities 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 $3,400 was issued, and dividends of $7,400 were paid during the current year. b. Additional common stock of $15,100 was issued, and no dividends were paid during the current year. c. No additional common stock was issued, and dividends of $12,400 were paid during the current year. a Net income (loss) b. Net income (loss) c. Net income (loss)

Shep Company's records show the following information for the current year: Determine net incorve (loss) for each of the following separate situations. Note: For oll requirements, losses should be entered with o minus sign. 6. Additional common stock of $3,400 was issued, and dividends of $7,400 were pald during the current year. b. Additional common stock of $15,100 was lssued, and no dividends were paid during the current year. c. No additional common stock was issued, and dividends of $12.400 were paid during the current year