[The following information applies to the questions displayed below.] The following financial statement information is...
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[The following information applies to the questions displayed below.] The following financial statement information is from five separate companies:
| Company A | Company B | Company C | Company D | Company E | |||||||||||
| December 31, 2016 | |||||||||||||||
| Assets | $ | 30,000 | $ | 23,400 | $ | 19,200 | $ | 53,400 | $ | 81,900 | |||||
| Liabilities | 24,600 | 16,379 | 10,368 | 36,846 | ? | ||||||||||
| December 31, 2017 | |||||||||||||||
| Assets | 33,000 | 23,760 | ? | 60,060 | 91,080 | ||||||||||
| Liabilities | ? | 16,156 | 10,833 | 28,828 | 71,953 | ||||||||||
| During year 2017 | |||||||||||||||
| Stock issuances | 6,000 | 1,400 | 9,750 | ? | 6,500 | ||||||||||
| Net income (loss) | 6,950 | ? | (1,430 | ) | 7,678 | 7,247 | |||||||||
| Cash dividends | 3,500 | 2,000 | 5,875 | 0 | 11,000 | ||||||||||
Required:
1a. What is the amount of equity on December 31, 2016 for Company A.
1b. What is the amount of equity on December 31, 2017 for Company A.
1c. What is the amount of liabilities on December 31, 2017 for Company A.
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