The following amounts are available from the records of Coaches and Carriages Inc. at the end of the years indicated:

Required
1. Compute the changes in Coaches and Carriages€™ owners€™ equity during 2009 and 2010.
2. Compute the amount of Coaches and Carriages€™ net income (or loss) for 2009 assuming that no dividends were paid and the owners made no additional contributions during the year.
3. Compute the amount of Coaches and Carriages€™ net income (or loss) for 2010 assuming that dividends paid during the year amounted to $10,000 and no additional contributions were made by the owners.

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December 31 Total Assets Total Liabilities 2009 2009 2010 $ 25,000 79,000 184,000 $ 12,000 67000 137000