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The following financial statement information is from five separate companies: Company Company Company Company Company December 31, 2016 $55,000 $34,000 $24,000 $60,000 $119,000 24,500 21,500
The following financial statement information is from five separate companies: Company Company Company Company Company December 31, 2016 $55,000 $34,000 $24,000 $60,000 $119,000 24,500 21,500 Assets Liabilities 9,000 40,000 December 31, 2017 58,000 40, 000 ?85,000 113,000 70,000 AssetS Liabilities ?26,500 29,000 24,000 During year 201'7 Stock issuances 6,000 8,500 3,500 9,750 8,000 14,000 5,875 6,500 20,000 11,000 1,400 Net income (loss) Cash dividends 2,000 2a. What is the amount of equity on December 31, 2016 for Company B. Equity Assets Liabilities+ 2b. What is the amount of equity on December 31, 2017 for Company B. Assets Liabilities+ Equity 2c. What is net income for year 2017 for Company B. Statement of Shareholder's Equity Equity, December 31, 2016 Equity, December 31, 2017 Add: Net income Add: Stock issuances Less: Cash dividends Less: Net loss
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