M M M M muntary homework Saved Exercise 1-16 (Algo) Computing net income using accounting equation LO P2 Shep Company's records show the following information for the current year. Beginning of year End of year Total assets $54,400 $85,500 Total liabilities $24,200 $37,200 Determine net income (loss) for each of the following separate situations. (For all requirements, losses should be entered with a minus sign.) a. Additional common stock of $5,200 was issued and dividends of $9,200 were paid during the current year b. Additional common stock of $15,550 was issued and no dividends were paid during the current year, c. No additional common stock was issued and dividends of $14,200 were paid during the current year a. Net Income (loss) b. Net income (loss) C Net income (loss)