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The following financial statement information is from five separate companies: Company A Company B Company C Company D Company E December 31, 2016 Assets $
The following financial statement information is from five separate companies:
Company A | Company B | Company C | Company D | Company E | |||||||||||
December 31, 2016 | |||||||||||||||
Assets | $ | 115,000 | $ | 35,100 | $ | 28,800 | $ | 80,100 | $ | 122,850 | |||||
Liabilities | 50,500 | 24,570 | 15,552 | 55,268 | ? | ||||||||||
December 31, 2017 | |||||||||||||||
Assets | 121,000 | 34,560 | ? | 87,360 | 132,480 | ||||||||||
Liabilities | ? | 23,500 | 15,758 | 41,932 | 104,659 | ||||||||||
During year 2017 | |||||||||||||||
Stock issuances | 35,000 | 1,400 | 9,750 | ? | 6,500 | ||||||||||
Net income (loss) | 28,500 | ? | (721 | ) | 13,596 | 7,751 | |||||||||
Cash dividends | 7,500 | 2,000 | 5,875 | 0 | 11,000 | ||||||||||
Required:
1a. What is the amount of equity on December 31, 2016 for Company A.
assts= | |
liabilities + equity |
2a. What is the amount of equity on December 31, 2017 for Company A.
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