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Tiffany Riddick: Attempt 1 Answer Question 4 (7 points) Baltimore Company experienced an increase in total assets of $19,500 during the current year. During the
Tiffany Riddick: Attempt 1 Answer Question 4 (7 points) Baltimore Company experienced an increase in total assets of $19,500 during the current year. During the same time period, total liabilities increased $7,600. Shareholders made no investments during the year and no dividends were paid. How much was Baltimore's net income Your Answer: Answer Question 5 (7 points) Annapolis Corporation's trial balance included debits to expense accounts of $105,000, credits to revenue accounts of $183,000, and debits to the Dividends account of $50,000. Based on this information, what is the amount of the company's net income or loss. Enter a loss as a negative number. Your Answer: Answer Question 6 (7 points) Baltimore Company reports total assets and total liabilities of $276,000 and $105,000, respectively, at the conclusion, of its first year of business. The company earned $67,500 during the first year, and distributed $33,000 to shareholders as dividends. How much did shareholders initially invest in the business? Your
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