Exercise 2 28 (Algo) Analyzing changes in a company's equity LO P1 Compute the missing amount for each of the following separate companies (Losses and amounts to be deducted should be indicated with a minus sign ) CBS ABC CNN NBC Equity, beginning of year $0 $0 $0 $0 Owner investments during the year 97,500 89,123 207,261 Dividends during the year (53,000) (10,000) (54,000) Net income (loss) for the year 93,500 43,515 (4,000) Equity, end of year $99,500 $96,515 $107,261

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Question: Exercise 2-28 (Algo) Analyzing changes in a company's equity LO P1 Compute the missing amount for each of the following separate companies. (Losses and amounts

Exercise 2-28 (Algo) Analyzing changes in a company's equity LO P1

Compute the missing amount for each of the following separate companies. (Losses and amounts to be deducted should be indicated with a minus sign.)

	CBS	ABC	CNN	NBC
Equity, beginning of year	$0	$0	$0	$0
Owner investments during the year	97,500		89,123	207,261
Dividends during the year		(53,000)	(10,000)	(54,000)
Net income (loss) for the year	93,500	43,515	(4,000)
Equity, end of year	$99,500	$96,515		$107,261

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