Question: Time left Not yet a The following financial statement information is known about the two unrelated companies. Answer the following questions using your knowledge of

Time left Not yet a The following financial statement information is known about the two unrelated companies. Answer the following questions using your knowledge of the financial statement and particularly the Balance Sheet equation: Company A Company B December 31, 2016: Marked F Flac Assets 90,000 105,000 Liabilities 38,000 45,000 December 31,2017 Assets 96,000 82,000 Liabilities 55,000 During 2017: Owner Investments 10,000 19,000 Profit (loss) (16,000) ? Owner withdrawals 5,000 6,000 Required: What was the Equity on December 31, 2017 for Company B? Do not use dollar ($) sign, commas or decimal places in your
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