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Toth Company had the following assets and liabilities on the dates indicated. Toth began business on January 1, 2016, with an investment of $97,000 from
Toth Company had the following assets and liabilities on the dates indicated. Toth began business on January 1, 2016, with an investment of $97,000 from stockholders. From an analysis of the change in stockholders' equity during the year, compute the net income (or loss) for: 2016, assuming Toth paid $17,000 in dividends for the year. Net income (loss) for 2016 $ 2017, assuming stockholders made an additional investment of $42,000 and Toth paid no dividends in 2017. Net income (loss) for 2017 $ 2018, assuming stockholders made an additional investment of $18,000 and Toth paid dividends of $15,000 in 2018. Net income (loss) for 2018 $
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