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Accounting

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Required information [The following information applies to the questions displayed below.) The following financial statement information is from five separate companies. Company Company Company Company Company B D December 31, 2018 Assets $41,000 $31,980 $26,240 $72,980 $111,930 Liabilities 33,620 22,386 14,169 50,356 2 December 31, 2019 Assets 46,000 33,120 2 83, 720 126,960 Liabilities 2 22,521 15,101 40,185 100, 298 During year 2019 Owner investments 6,000 1,400 9,750 ? 6,500 Net income (loss) 10,820 2 7,200 13,911 8, 776 Owner cash withdrawals 3,500 2,000 5,875 0 11,000 2a. What is the amount of equity on December 31, 2018 for Company B. Assets $ 31,980 Liabilities $ 22,386 Equity 9,594 + $ 2b. What is the amount of equity on December 31, 2019 for Company B. Assets Liabilities + Equity 10,599 $ 33,120 $ 22,521 + $ 2c. What is net income for year 2019 for Company B. Statement of Owner's Equity Equity, December 31, 2018 $ 9,594 1,400 10,994 Equity, December 31, 2019 10,599

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