Shep Company's records show the following information for the current year: Total assets Beginning of year...

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Shep Company's records show the following information for the current year: Total assets Beginning of year $ 50,000 End of year $ 80,000 Total liabilities $ 22,000 $ 35,000 Determine net income (loss) for each of the following separate situations. Note: For all requirements, losses should be entered with a minus sign. a. Additional common stock of $3,000 was issued, and dividends of $7,000 were paid during the current year. b. Additional common stock of $15,000 was issued, and no dividends were paid during the current year. c. No additional common stock was issued, and dividends of $12,000 were paid during the current year. a. Net income (loss) b. Net income (loss) c. Net income (loss) Shep Company's records show the following information for the current year: Total assets Beginning of year $ 50,000 End of year $ 80,000 Total liabilities $ 22,000 $ 35,000 Determine net income (loss) for each of the following separate situations. Note: For all requirements, losses should be entered with a minus sign. a. Additional common stock of $3,000 was issued, and dividends of $7,000 were paid during the current year. b. Additional common stock of $15,000 was issued, and no dividends were paid during the current year. c. No additional common stock was issued, and dividends of $12,000 were paid during the current year. a. Net income (loss) b. Net income (loss) c. Net income (loss)