Jan. 1 Assets $500,000 Liabilities + Stockholders' Equity $300,000 ? $350,000 ? Dec. 31 $700,000 Determine...

 

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Jan. 1 Assets $500,000 Liabilities + Stockholders' Equity $300,000 ? $350,000 ? Dec. 31 $700,000 Determine Net Income or Net Loss for the year, assuming each independent scenario. (a) The shareholders invested $200,000 in common stock and $150,000 in cash dividends were paid to shareholders. (b) The shareholders invested $300,000 in common stock and $100,000 in cash dividends were paid to shareholders. Jan. 1 Assets $500,000 Liabilities + Stockholders' Equity $300,000 ? $350,000 ? Dec. 31 $700,000 Determine Net Income or Net Loss for the year, assuming each independent scenario. (a) The shareholders invested $200,000 in common stock and $150,000 in cash dividends were paid to shareholders. (b) The shareholders invested $300,000 in common stock and $100,000 in cash dividends were paid to shareholders.