Solve the below problems 7. At the beginning of the year, Vasquez Company had total Assets of $700,000 and total liabilities of $600,000. Answer the following question: 8. 9. 10. If total assets decreased $80,000 during the year and Revenue was $200,000 and Expenses were $90,000 (and there were no dividends), what is the amount of total liabilities at the end of the year? During 2017, Steel Company's total assets increased $25,000, and total liabilities decreased $15,000. During the same year, the company's investors invested an additional $30,000 and the company paid dividends of $15,000. What must have been the company's net income for 2017? Fran Company has beginning equity of $500,000, net income of $75,000, dividends of $30,000 and investments by owners in exchange for stock of $10,000. Its ending equity is: Terry Company began operations on January 1, 2013, with an investment of $62,000 by each of its two stockholders, or a total of $124,000. Net income for its first year of business was $218,000. During the year, the company paid dividends of $30,000 each to its two stockholders. How much is the company's ending Stockholders' Equity on December 31, 2013?

Solve the below problems 7. At the beginning of the year, Vasquez Company had total Assets of $700,000 and total liabilities of $600,000. Answer the following question: If total assets decreased $80,000 during the year and Revenue was $200,000 and Expenses were $90,000 (and there were no dividends), what is the amount of total liabilities at the end of the year? 8. During 2017, Steel Company's total assets increased $25,000, and total liabilities decreased $15,000. During the same year, the company's investors invested an additional $30,000 and the company paid dividends of $15,000. What must have been the company's net income for 2017 ? 9. Fran Company has beginning equity of $500,000, net income of $75,000, dividends of $30,000 and investments by owners in exchange for stock of $10,000. Its ending equity is: 10. Terry Company began operations on January 1,2013 , with an investment of $62,000 by each of its two stockholders, or a total of $124,000. Net income for its first year of business was $218,000. During the year, the company paid dividends of $30,000 each to its two stockholders. How much is the company's ending Stockholders' Equity on December 31, 2013