should I start a problem out like this by making an accounting equation?

Shep Company's records show the following information for the current year. End of year Total assets Total liabilities Beginning of year $56,000 $25,000 $87,500 $38,000 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 $6,000 was issued and dividends of $10,000 were paid during the current year. b. Additional common stock of $15,750 was issued and no dividends were paid during the current year. c. No additional common stock was issued and dividends of $15,000 were paid during the current year. a b Net income (loss) Net income (loss) Net income (loss) c