Question - The following financial statement information is from five separate companies:
Company A Company B Company C Company D Company E
December 31, 2010
Assets $48,000 $37,440 $30,720 $85,440 $131,040
Liabilities 39,360 26,208 16,588 58,953 ?
December 31, 2011
Assets 51,000 36,720 ? 92,820 140,760
Liabilities ? 24,969 16,743 44,553 111,200
During year 2011
Stock issuances 6,000 1,400 9,750 ? 6,500
Net income (loss) 11,810 ? -580 14,780 7,852
Cash dividends 3,500 2,000 5,875 0 11,000
Required -
a. What is the amount of equity on December 31, 2010?
b. What is the amount of equity on December 31, 2011?
c. What is the amount of liabilities on December 31, 2011?