The following financial statement information is from five separate companies.

Required
1. Answer the following questions about Company V:
a. What is the amount of equity on December 31, 2010?
b. What is the amount of equity on December 31, 2011?
c. What is the net income or loss for the year 2011?
2. Answer the following questions about Company W:
a. What is the amount of equity on December 31, 2010?
b. What is the amount of equity on December 31, 2011?
c. What is the amount of liabilities on December 31, 2011?
3. Calculate the amount of owner investments for Company X during 2011.
4. Calculate the amount of assets for Company Y on December 31, 2011.
5. Calculate the amount of liabilities for Company Z on December 31,2010.

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CompanyCompanyCompanyCompanyCompany December 31,2010 $45.000 30.000 82,500 124,000 61,500 Assets $70,000 $121,500 58,500 50,000 December 31, 2011 Assets2... Liabilities 60,000 52,000 49.000 90,000 136,500 55,500 26.000 72,000 During year 2011 Owner investments.6.000 Net income or (loss)... Owner cash withdrawals 0,000 30,000 2000 38,100 24,000 18,000 40,000 32,000 6,000 16,500 4,500