The following financial statement information is from five separate companies. Company Company Company Company Company D E December 31, 2018 Assets Liabilities $55,000 $34,000 $24,000 $60,000 $119,000 24,500 21,500 9,000 40,000 December 31, 2019 Assets 58,000 40,000 2 85,000 113,000 Liabilities ? 26,500 29,000 24,000 70,000 During year 2019 Stock issuances 6,000 1,400 9,750 ? 6,500 Net income (loss) 8,500 2 Cash dividends 3,500 2,000 8,000 14,000 5,875 20,000 0 11,000 Required: 1a. What is the amount of equity on December 31, 2018 for Company A. Answer is complete and correct. Assets 55,000 Liabilities $24,500 ( Equity 30,500 1b. What is the amount of equity on December 31, 2019 for Company A. Answer is complete but not entirely correct. Statement of Shareholder's Equity Equity, December 31, 2018 $ 30,500 Add: Stock issuances 0 6,000 Add: Net income 8,500 45,000 Less: Cash dividends 3,500 Equity, December 31, 2019 S 52,000 x 1c. What is the amount of liabilities on December 31, 2019 for Company A. Answer is complete but not entirely correct. Assets $ 58,000 Liabilities 6,000 Equity 52,000