oblem 1-2 Algorithmic Required information Problem 1-2A Computing missing information using accounting knowledge LO A1, P1 The foliowing information applies to the questions displayed below. The following financial statement information is from five separate companies Part 1 of 5 Company Company Company Company Company 20 points December 31, 2016 Assets Liabilities $41,000 $31,980 $26,24 $72,988 $111,938 33,620 22,386 14,169 50,356 ? eBook December 31, 2017 Assets Liabilities 46,000 33,12e 83,720 126,96e Print ?22,521 15,101 40,185 100,298 6,500 6,200 13,9118,776 During year 2017 Owner investments Net income (loss) Owner cash 6,000 1,400 9,750 10,820 3,5002,0805,875 withdrawals Type here to search 3 Problem 1-2 Algorithmic Saved 2 Required information Part 2 of 5 2b. What is the amount of equity on December 31, 2017 for Company B. 20 points AssetsLiabilitiesEquity $ 126,9601 126,960 eBook Print References 2c. What is net income for year 2017 for Company B Statement of Owner's Equity Equity, December 31, 2016 Add. Investment by Owner Add. Net income 6 500 8,776 15.276 11,000 Withdrawals by Owner Equity, December 31, 2017 Pret 2 4 5 of 5 Type here to search