Problem 1-2A Computing missing information using accounting knowledge LO A1, P1 [The following information applies to the questions displayed below.] The following financial statement information is from five separate companies: December 31, 2016 Assets Liabilities December 31, 2017 Assets Liabilities During year 2017 Stock issuances Net income (loss) Cash dividends Company Company Company Company Company B D E $55,000 $34,000 $24,000 $60,000 $119,000 24,500 21,500 9,000 40,000 ? 58,000 40,000 ? 85,000 113,000 ? 26,500 29,000 24,000 70,000 6,000 1,400 9,750 ? 6,500 8,500 ? 8,000 14,000 20,000 3,500 2,000 5,875 11,000 Required: 1a. What is the amount of equity on December 31, 2016 for Company A. Assets Liabilities + Equity 11 $ 0 1b. What is the amount of equity on December 31, 2017 for Company A. es Statement of Shareholder's Equity Equity, December 31, 2016 Add: Stock issuances Add: Net Income 0 Less: Cash dividends Equity, December 31, 2017 1c. What is the amount of liabilities on December 31, 2017 for Company A. Assets II Liabilities $ Equity = 0