Question: For each situation, use the accounting equation and the statement of retained earnings to compute the amount of Haggerty's net income or net loss during

 For each situation, use the accounting equation and the statement of
retained earnings to compute the amount of Haggerty's net income or net
loss during the year ended January 31, 2017 1. Haggerty issued $3

For each situation, use the accounting equation and the statement of retained earnings to compute the amount of Haggerty's net income or net loss during the year ended January 31, 2017 1. Haggerty issued $3 million of stock and declared no dividends. 2. Haggerty issued no stock but declared dividends of $8 million. 3. Haggerty issued $66 million of stock and declared dividends of $50 million. Haggerty Company's comparative balance sheet at January 31, 2017, and 2016, reports the following (in millions) E(Click the icon to view the comparative balance sheet) Three situations about Haggerty Company's issuance of stock and declaration and payment of dividends during the year ended January 31, 2017, follow Read the requirements Begin by reviewing the labels for the change in stockholders' equity and then enter the amounts for each situation (Enter an amount in each input area. Input a parentheses when entering net losses or numbers to be subtracted.) Situation #1 Situation #2 Situation #3 Total stockholders' equity, January 31, 2016 Add Issuance of stock Net income Less: Dividends declared Net loss Total stockholders equity, January 31, 2017 Data Table 2017 2016 Total assets 80 52 Total liabilities 22 14

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