P2-53. Preparing a Balance Sheet, Computing Net Income, and Understanding Equity Transactions At the beginning of 2018, Barth Company reported the following balance sheet. LO MBC Assets Liabilities Cash... $ 4,800 Accounts payable... $12,000 Accounts receivable. Equipment 14,700 Equity Common stock. 10,000 50,000 47,500 20,000 Land... Retained earnings Total assets $79,500 Total liabilities and equity. $79,500 REQUIRED At the end of 2018, Barth Company reported the following assets and liabilities: Cash, $8,800; Accounts Receivable, $18,400; Equipment, $9,000; Land, $50,000; and Accounts Payable, $7,500. Prepare a year-end balance sheet for Barth. (Hint: Report equity as a single total.) Assuming that Barth did not issue any common stock during the year but paid $12,000 cash in dividends, what was its net income or net loss for 2018? a. b. Assuming that Barth issued an additional $13,500 common stock early in the year but paid $21,000 cash in dividends before the end of the year, what was its net income or net loss for 2018? C