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Toth Company had the following assets and liabilities on the dates indicated. December 31 Total Assets Total Liabilities 2019 $400,000 $260,000 2020 $480,000 $300,000 2021

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Toth Company had the following assets and liabilities on the dates indicated. December 31 Total Assets Total Liabilities 2019 $400,000 $260,000 2020 $480,000 $300,000 2021 $590,000 $400,000 Toth began business on January 1, 2019, with an investment of $100,000 from stockholders. From an analysis of the change in stockholders' equity during the year, compute the net income (or loss) for: (a) 2019, assuming Toth paid $15,000 in dividends for the year. Net income (loss) for 2019 55000 (b) 2020, assuming stockholders made an additional investment of $50,000 and Toth paid no dividends in 2020. Net income (loss) for 2020 30000 (c) 2021, assuming stockholders made an additional investment of $15,000 and Toth paid dividends of $30,000 in 2021. Net income (loss) for 2021 105000 tudy

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