Using the expanded accounting equation, calculate and enter the answers for each question. You will need to use the answers you calculate for beginning and ending equity to answer the rest of the questions.

Assets beginning of year 29,000 liabilities beginning of year 16,000

Assets end of year 60,000 liabilities end of year 26,000

If the company issues common stock of $5,400 and pay dividends of $39,000, how much is net income (loss)?

Net Income (Loss)__________

If the company issues common stock of $15,700 and net income is $18,400, how much is dividends?

Dividends____________