The following financial statement information is from five separate companies. Company A Company B Company C $ 34,000 27,880 $ 26,520 18,564 $ 21,760 11,750 Beginning of year Assets Liabilities End of year Assets Liabilities Changes during the year Stock issuances Net income (loss) Cash dividends 39,000 7 6,000 8,930 3,500 28,080 19,094 1,400 7 2,000 2 12,803 9,750 7,900 5,875 Problem 1-2A (Algo) Part 2 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. Company D $ 60,520 41,758 70,980 34,070 11,148 0 Company E $ 92,820 7 107,640 85,035 6,500 8,541 11,000 10 2 of 2 S eBook Print ferences Problem 1-2A (Algo) Part 2 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. Complete this question by entering your answers in the tabs below. Required 2A Required 2B Required 2C What is the amount of equity at the beginning of the year for Company B? Liabilities + + Assets $ 34,000 $ 27,880 You received partial credit in the previous attempt. $ Equity 6,120 Required 2A Required 2B > Problem 1-2A (Algo) Part 2 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. Complete this question by entering your answers in the tabs below. Required 2A Required 28 Required 2C What is the amount of equity at the end of the year for Company B? Equity 13,810 + $ 25,190 Assets $ 39,000 = Liabilities < Required 2A Required 2C > Problem 1-2A (Algo) Part 2 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. 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 25,190 Add: Stock issuances 6,000 Add: Net income 8,930 40,120 3,500 21,450 Less: Cash dividends Equity, end of year $ $