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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 5. Compute the amount of liabilities for Company E on December 31, 2016. December 31, 2017 Liabilities Equity Assets 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 December 31, 2016 AssetsLiabilities+ Equity
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