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The following financial statement information is from five separate companies. Company A Company B Company C Company D Company E Beginning of year Assets

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The following financial statement information is from five separate companies. Company A Company B Company C Company D Company E Beginning of year Assets Liabilities $ 49,000 40,180 $ 38,220 26,754 $ 31,360 16,934 $ 87,220 60,181 $ 133,770 ? End of year Assets 54,000 38,880 ? 98,280 149,040 Liabilities ? 26,438 17,728 47,174 117,741 Changes during the year Stock issuances 6,000 1,400 9,750 ? 6,500 Net income (loss) 12,980 ? 5,900 17,067 9,045 Cash dividends 3,500 2,000 5,875 0 11,000 2a. What is the amount of equity at the beginning of the year for Company B? 2b. What is the amount of equity at the end of the year for Company B? 2c. Compute the net income of the year for Company B. Answer is not complete. Complete this question by entering your answers in the tabs below. Required 2A Required 2B Required 2C Compute the net income of the year for Company B. Equity, beginning of year Add: Stock issuances Add: Net income $ 11,466 1,400 12,866 Less: Cash dividends 2,000 Equity, end of year $ 10,866 < Required 2B Required 2C >

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