Activity 4b-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. Beginning of Year End of Year Assets Liabilities $25.000 11000 SALOO $28,000 HINT 1) What is the equity at the beginning of the year? Beginning Equity 3) If the company issues common stock of $5,400 and pay dividends of $38,700. how much is net income (loss)? Net Income (Loss) 2) What is the equity at the end of the year? Ending Equity 4) If net income is $2,400 and dividends are $8,000, how much is common stock? Common Stock 5) If the company issues common stock of $18.500 and net income is $16,500, how much is dividends? Dividends 6) If the company issues common stock of $42,200 and pay dividends of $3,800, how much is net income (loss) Net Income (Loss) CHECK ANSWER SKIP TO NEXT RESET