Beginning of Year Assets Liabilities = Equity
Company A: $46,000 $37,720 = $8,280
Company B: $35,880 $25,116 = $10,764
Company C: $29,448 $15,897 = $13,551
Company D: $81,880 $56,497 = $25,383
Company E: $125,580 $51,000 = $74,580
End of Year Assets Liabilities = Equity
Company A: $36,720 $24,969 = $11,751
Company B: $92,820 $44,553 = $48,267
Company C: $140,760 $111,200 = $29,560
Company D: $16,743 $6,000 = $10,743
Company E: $9,750 $7,300 = $2,450
Changes During the Year
Company A: Stock Issuances = $6,500, Net Income (Loss) = $8,944, Cash Dividends = $11,000
Company B: Stock Issuances = $12,170, Net Income (Loss) = $3,500, Cash Dividends = $1,400
Company C: Stock Issuances = $3,500, Net Income (Loss) = $15,884, Cash Dividends = $6,000
Company D: Stock Issuances = $1,400, Net Income (Loss) = $2,000, Cash Dividends = $9,750
Company E: Stock Issuances = $9,750, Net Income (Loss) = $7,300, Cash Dividends = $5,875
To compute the amount of assets for Company C at the end of the year, we need to subtract the liabilities from the equity at the end of the year.
Assets = Equity - Liabilities
Company C: $29,560 - $111,200 = -$81,640