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 at the beginning of the year?
b. What is the amount of equity at the end of the year?
c. What is the net income or loss for the year?
2. Answer the following questions about Company W.
a. What is the amount of equity at the beginning of the year?
b. What is the amount of equity at the end of the year?
c. What is the amount of liabilities at the end of the year?
3. Compute the amount of owner investments for Company X during the year.
4. Compute the amount of assets for Company Y at the end of the year.
5. Compute the amount of liabilities for Company Z at the beginning of the year.

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Beginning of year Assets...... Liabilities... End of year Assets... Liabilities... Changes during the year Owner investments ..... Net income (or loss) Owner withdrawals ..... **** Company V $54,000 25,000 59,000 36,000 5,000 ? 5,500 Company W $ 80,000 60,000 100,000 ? 20,000 40,000 2,000 Company X $141,500 68,500 186,500 65,800 ? 18,500 0 Company Y $92,500 51,500 ? 42,000 48,100 24,000 20,000 Company Z $144,000 ? 170,000 42,000 60,000 32,000 8,000