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  3. 36. at the end of 2013, crandall company reported

36. At the end of 2013, Crandall Company reported the following amounts on its balance...

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Accounting

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36. At the end of 2013, Crandall Company reported the following amounts on its balance sheet $8,100 32,400 26,000 120,000 31,500 95,000 60,000 Cash Accounts receivable Equipment Land Accounts payable Common stock Retained earnings Answer each of the following independent questions a. Assume that Crandall's stockholders' equity on January 1, 2013 was S132,000. Crandall did not issue common stock during the year, but it paid $18,000 cash in dividends. How much is Crandall's net income or loss for 2013? b. Assume that Crandall's stockholders' equity on January 1, 2013 was S118,000, and that Crandall issued additional common stock of S35,000 and paid $30,000 in cash dividends before the end of 2013. What was Crandall's net income or net loss for 2013

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