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The following financial statement information is from five separate companies: companyA companyB companyC companyD companyE December 31, 2012 assets $55000 34000 24000 60000 119000 liabilities

The following financial statement information is from five separate companies:

companyA companyB companyC companyD companyE
December 31, 2012
assets $55000 34000 24000 60000 119000
liabilities 24500 21500 9000 40000 ?
December 31, 2013
Assets 58000 40000 ? 85000 113000
liabilities ? 26500 29000 24000 70000
during year 2013
owner investments 6000 1400 9750 ? 6500
net income(loss) 8500 ? 8000 14000 20000
owners cash withdrawals 3500 2000 5875 0 11000

1. Answer the following questions about company A:

a.What is the amount of equity on December 31, 2012?

b What is the amount of equity on December 31, 2013?

c. What is the amount of Liabilities on December 31, 2013?

2. Answer the following questions about company B:

a What is the amount of equity on December 31,2012?

b What is the amount of equity on December 31, 2013?

c What is the net income for year 2013?

3. Calculate the amount of assets for Company C on December 31, 2013

4 Culculate the amount of owner investments for company D during year 2013

5 Culculate the amount of liabilities for Company E on December 31, 2012

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