The following financial statement information is from five separate companies

Required 1. Answer the following questions about Company V.

a. What is the amount of equity on December 31, 2016?

b. What is the amount of equity on December 31, 2017?

c. What is the net income or loss for the year 2017?
2. Answer the following questions about Company W.

a. What is the amount of equity on December 31, 2016?

b. What is the amount of equity on December 31, 2017?

c. What is the amount of liabilities on December 31, 2017?
3. Compute the amount of stock issuances for Company X during 2017.
4. Compute the amount of assets for Company Y on December 31, 2017.
5. Compute the amount of liabilities for Company Z on December 31, 2016.

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December 31, 2016 Company Company Company Company X Company Z Assets.. $54,000 $ 80,000 $141,500 $92,500 $144,000 Liabilities... 25,000 60,000 68,500 51,500 ? December 31, 2017 Assets. 59,000 100,000 186,500 ? 170,000 Liabilities... 36,000 ? 65,800 42,000 42,000 During year 2017 Stock issuances 5,000 20,000 ? 48,100 60,000 Net income (or loss).. ? 40,000 18,500 24,000 32,000 Cash dividends.. 5,500 2,000 0 20,000 8,000