The following financial statement Information is from five separate companies: Company Company Company Company Company A B C D E December 31, 2016 Assets Liabilities December 31, 2017 Assets Liabilities During year 2017 Owner investments Net income (loss) Owner cash withdrawals $49,000 40,180 54,000 ? 6,000 12,980 3,500 $38,220 $31,360 $87,220 $133,770 26,754 16,934 60,181 2 38,880 26, 438 1,400 2,000 ? 17,728 9,750 5,300 5,875 98,280 47,174 17,067 149,040 117,741 6,500 9,045 11,000 Required: 1a. What is the amount of equity on December 31, 2016 for Company A. 49,000 = $ 1b. What is the amount of equity on December 31, 2017 for Company A. Statement of Owner's Equity Equity, December 31, 2016. $ Add: Investment by Owner Add: Net income Equity, December 31, 2017 40,180 + $ Assets $ 54,000 = $ = Liabilities + GA $ 1c. What is the amount of liabilities on December 31, 2017 for Company A. 49,000 8,820 + 09 8,820 6,000 12,980 27,800 0 0 Equity 5,000