Required information 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: Company Company Company Company B C D Company E $55,000 $34,000 $24,000 $60,000 $119,000 24,500 21,500 9,000 40,000 ? December 31, 2016 Assets Liabilities December 31, 2017 Assets Liabilities During year 2017 Stock issuances Net income (loss) Cash dividends 58,000 ? 40,000 ? 29,000 85,000 24,000 113,000 70,000 26,500 6,000 8,500 3,500 1,400 2 2,000 9, 750 8,000 5,875 14,000 6,500 20,000 11,000 Problem 1-2A Part 3 Information 3. Compute the amount of assets for Company C on December 31, 2017. December 31, 2016 Assets 24,000 + Liabilities $ 9,000 Equity 15,000 EA II + $ 15,000 Statement of Shareholder's Equity Equity, December 31, 2016 Add: Net income Add: Stock issuances 15,000 0 Less: Cash dividends Equity, December 31, 2017 -5 Ne December 31, 2017 Assets $ 85,000 + Liabilities $ 24,000 Equity 61,000 +