Question: Problem 1-2A (Algo) Computing missing information using accounting knowledge LO A1 [The following information applies to the questions displayed below.] The following financial statement information

Problem 1-2A (Algo) Computing missing information using accounting knowledge LO A1

[The following information applies to the questions displayed below.]

The following financial statement information is from five separate companies.

Company ACompany BCompany CCompany DCompany EBeginning of yearAssets$47,000$36,660$30,080$83,660$128,310Liabilities38,54025,66216,24357,725?End of yearAssets52,00037,440?94,640143,520Liabilities?25,45917,07145,427113,380Changes during the yearStock issuances6,0001,4009,750?6,500Net income (loss)12,440?6,70016,2788,978Cash dividends3,5002,0005,875011,000

Problem 1-2A (Algo) Part 1

Required:

1a. What is the amount of equity at the beginning of the year for Company A?

1b. What is the amount of equity at the end of the year for Company A?

1c. What is the amount of liabilities at the end of the year for Company A?

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