The following financial statement information is from 5 separate companies

1-Answer the following questions about company A

-What is the amount of equity on Dec 31,2010

-What is the amount of equity on Dec 31,2011

-What is the amount of liabilities on Dec 31,2011

2--Answer the following questions about company B

-What is the amount of equity on Dec 31,2010

-What is the amount of equity on Dec 31,2011

-What is the net income for year 2011.

3- Calculate the amount of assets for company C on Dec 31,2011

4-Calculate the amount of owner investment for company D on During year 2011

5- Calculate the amount of liabilities for company E on Dec 31, 2010

Problems The following financial statement information is from five separate companies: Company Company Company B Company Company C D E December 31, 2010 Assets . ... $45.000 Liabilities $35,000 $29,000 $80,000 $123,000 23,500 22.500 December 31. 201 1 14,000 38,000 Assets .... 48.000 41,000 125,000 1 12,500 Liabilities . . . . . 27,500 19.000 64.000 75,000 During year 201 1 Owner investments . . .... 5,000 1,500 7,750 4,500 Net income (loss) .......... 7,500 ? 9,000 12.000 18,000 Owner cash withdrawals ......... 2,500 3,000 3,875 0 9.000 Required 1. Answer the following questions about Company A: a. What is the amount of equity on December 31, 2010? b. What is the amount of equity on December 31, 2011? c. What is the amount of liabilities on December 31, 2011? 2. Answer the following questions about Company B: a. What is the amount of equity on December 31, 2010? b. What is the amount of equity on December 31, 2011? c. What is net income for year 2011? 3. Calculate the amount of assets for Company C on December 31, 2011. 4. Calculate the amount of owner investments for Company D during year 201 1. 5. Calculate the amount of liabilities for Company E on December 31, 2010