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The following information is available for three companies: Company A Company B Company C December 31, 2008 Assets $55,000 $59,000 $76,000 Liabilities $26,000 $28,000 $55,000

The following information is available for three companies:

Company A Company B Company C
December 31, 2008
Assets $55,000 $59,000 $76,000
Liabilities $26,000 $28,000 $55,000
December 31, 2009
Assets $58,000 $60,000 $74,000
Liabilities $35,000 ? $51,000
During the year 2009
Owner Investments $12,000 $12,000 ?
Net Income/Loss ? $22,000 $12,000
Owner Withdraws $10,000 $10,000 $20,000

Required: 1. What was the equity balance for Company A at December 31, 2008? 2. What was the equity balance for Company A at December 31, 2009 3. What was the net income/loss for 2009? 4. What was the equity balance for Company B at December 31, 2008? 5. What was the equity balance for Company B at December 31, 2009 6. What were the liabilities at December 31, 2009 for Company B? 7. What was the equity balance for Company C at December 31, 2008? 8. What was the equity balance for Company C at December 31, 2009 9. What were the Owner Investments for Company C for 2009?

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