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Toth Company had the following assets and liabilities on the dates indicated. December 31 2016 2017 2018 Total Assets L $454,000 $534,000 $664,000 Total Liabilities
Toth Company had the following assets and liabilities on the dates indicated. December 31 2016 2017 2018 Total Assets L $454,000 $534,000 $664,000 Total Liabilities $281,000 $331,000 $431,000 Toth began business on January 1, 2016, with an investment of $96,000 from stockholders. From an analysis of the change in stockholders' equity during the year, compute the net income (or loss) for: (a) 2016, assuming Toth paid $22,000 in dividends for the year Net income (loss) for 2016 (b) 2017, assuming stockholders made an additional investment of $49,000 and Toth paid no dividends in 2017. Net income (loss) for 2017 (c) 2018, assuming stockholders made an additional investment of $25,000 and Toth paid dividends of $15,000 in 2018. Net income (loss) for 2018
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