Problem Set A PAI. LO 2.1 The following information is taken from the records of Baklava Bakery for the year 2019. Calculate net income or net loss for January. Solution Calculate net income or net loss for February Calculate net income or net loss for March. For each situation, comment on how a stakeholder might view the firm's performance (Hint: Think about the source of the income or loss.) Revenues- Expenses Gains-Losses Net Income D. Comments (Loss) A. January B. February C. March PA2. LO 2.1 Each situation below relates to an independent company's owners' equity. Calculate the missing values. Based on your calculations, make observations about each company. Solution A. Begin Endi Net ning Net Inco + Inves tment Distri butio Balan Loss ng Balan me S ns ce ce $16,5 00 $12,0 $22,3 $1,75 $37,0 $0 00 0 50 $44,8 50 00 9 00 $0 80 $24,1 $299, 8 SO 00 400 $63,1 80 $275, 300 B. Observations Company 1: Company 2: Company 3: PA3. LO 2.1 The following information is from a new business. Comment on the year-to-year changes in the accounts and possible sources and uses of funds (how were the funds obtained and used). od bluoda ainuoma ovitega o baslemos