The total assets and liabilities of Robot Company at January 1 and December 31, 2022 are presented here. January 1 December 31 Assets $76,000 $112,000 Liabilities 26,000 28,800

Instructions:

1. Assume dividends of $10,800 were paid and no additional stock was issued during the year. Revenues were $110,000. Compute (a) net income, and (b) expenses.

2. Assume additional stock was issued for $4,800 and no dividends were paid during the year. Expenses were $42,000. Compute (a) net income, and (b) revenues.

3. Assume additional stock was issued for $62,000 and dividends of $15,600 were paid during the year. Compute net income.

4. Assume additional stock was issued for $6,000, and net income was $51,000. Compute dividends paid.