Activity 4.b - Using the Expanded Accounting Equation Using the expanded accounting equation, calculate and enter the answers for each question. You will need to use the answers you calculate for beginning and ending equity to answer the rest of the questions. Assets Liabilities Beginning of Year: 526,000 519.000 End of Year: 561.000 $28.000 1) What is the equity at the beginning of the year? Beginning Equity 7000 2) What is the equity at the end of the year? Ending Equity 33000 3) If the company issues common stock of $9,300 and pay dividends of $43,600, how much is net income (loss)? 4) If net income is $1,400 and dividends are $5,700, how much is common stock? Net Income (Loss) Common Stock 7100 5) If the company issues common stock of $16,600 and net income is $16,700, how much is dividends? 6) If the company issues common stock of $41,300 and pay dividends of $1,100, how much is net income (loss)? Dividends 33300 Net Income (Loss) 8300