Connect - Financial AccountingProblem 1-2A Computing missing information using accounting knowledge LO A1, P1

? QUESTION: I don't know how to work backwards from 2017 to 2016 to calculate the missing 2016 Liabilities or Equity for Company E. Please explain what I'm not getting and how to figure this out. Thanks!

6 C l i Secure l htlps:/ewconnectmheducalion.com/flow/Connecthlml FAVORITES 1' ThesaurusLom \\/ Vocabula .com eEa Cral slisl DraftKin S Wealhercom Easiem Florida Shite El W V 9 9 Chapter1 Homework 0 Saved Port50f5 14 poims eBouk ASK Print Required information Problem 12A Computing missing information using accounting knowledge LO A1, P1 [The for/owing information applies to the questions displayed befuw] The following financial staiement information is from five separate companies: Company Company Company Company Company A B C D E December 31, 2916 Assets $46,999 $35,889 $29,449 $81,889 $125,589 Liabilities 37,729 25,116 15,897 56,497 .3 December 31, 2917 Assets 49,999 35,239 ? 89,186 135,249 Liabilities ? 23,999 16,986 42,896 196,839 During year 2917 stuek issuanees 6,999 1,499 9,759 r 6,599 Net income (loss) 11,279 ? (574) 13,991 7,755 Cash dividends 3,599 2,999 5,875 9 11,999 Problem 1-2A Part 5 5. Compute the amount of liabilities for Company E on December 31, 2016. Save 81 Exit Submit (. . FAVORITES 1' ThesaurusLom \\/ Vocabula .com eEa Cral slisi DraKin S Wealher.com Easiem Florida Shite El W V 9 9 C ' i Secure ' htlps:/ewc0nnectmheducaiion.com/onw/connecthimi PanSofS 14 poims Check my work made : This shows what is correel er incorrecr for the work you have completed so far. It does net indicme cumpleliun. Required inlormalion 8 Answer is nut complele. Emmy, December 31, 2016 Add. Stock Issuances 9 6,500 9 Add Netincome 7,785 a 14,235 Less Cash dlvldends a 11,000 6 Emmy, December 31, 2017 $ 28,401 0 8 Answer is not complete. December 31, 2016 1255809: g 125,550 + Next > Return to