The following financial statement information is from five separate companies.
Company A Company B Company C
Company D
Company E
Beginning of year Assets Liabilities End of year Assets Liabilities Changes during the year Stock issuances Net income loss) Cash dividends
$34,000 27,880
$26,520 18,564
$21,760 11,750
$60,520 41,758
$92,820 ?
39,000 ?
28,080 19,094
? 12,803
70,980 34,070
107,640 85,035
6,000 8,930 3,500
1,400 ? 2,000
9,750 6,600 5,875
? 11,148 0
6,500 8,541 11,000
2a.What is the amount of equity at the beginning of the year for Company B? 2b.What is the amount of equity at the end of the year for Company B? 2c.Compute the net income of the year for Company B.
Answer is not complete.
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Required 2A
Required 2B
Required 2C
Compute the net income of the year for Company B
Equity,beginning of year
$
8,986
8,986
Equity, end of year