The following financial statement information is from five separate companies. Company Company Problem 1-2B Computing missing Company Company Company information using accounting knowledge A1 P1 1 December 31, 2018 Assets $54,000 $ 80,000 $141,500 $92.500 $144,000 Liabilities... 25,000 60,000 68,500 51,500 December 31, 2019 Assets 59,000 100,000 186,500 170,000 Liabilities... 36,000 65,800 42,000. 42,000 During year 2019 Owner investments a 5,000 20,000 48,100 60,000 Net income (or loss). T 40,000 18,500 24,000 32,000 Owner cash withdrawals. 5.500 2,000 0 20,000 8,000 Required 1. Answer the following questions about Company V. a. What is the amount of equity on December 31, 2018? b. What is the amount of equity on December 31, 2019? c. What is the net income or loss for the year 2019? [continued on next page] Check (10) $23,000