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E1-21 Using the accounting equation Wizco Advertising's balance sheet data at May 31, 2018, and June 30, 2018, follow: June 30, 2018 May 31, 2018 $ 122,000 Total Assets $ 287,000 Total Liabilities 66,000 6,000 144,000 For each of the following situations that occurred in June, 2018 with regard to common stock and dividends of a corporation, compute the amount of net income or net loss during June 2018. a. The company issued $10,000 of common stock and paid no dividends. b. The company issued no common stock. It paid cash dividends of $3,000. c. The company issued $12,500 of common stock and paid cash dividends of $30,000