|
December 31 |
Total Assets |
Total Liabilities |
||
|
2013 |
$468,598 |
$327,594 |
||
|
2014 |
$548,598 |
$377,594 |
||
|
2015 |
$678,598 |
$477,594 |
Kimmy began business on January 1, 2013, with an investment of $97,268 from stockholders.
From an analysis of the change in stockholders’ equity during the year, compute the net income (or loss) for:
(a) 2013, assuming Kimmy paid $23,990 in dividends for the year.
|
Net income (loss) for 2013 |
(b) 2014, assuming stockholders made an additional investment of $41,294 and Kimmy paid no dividends in 2014.
|
Net income (loss) for 2014 |
$[removed] |
(c) 2015, assuming stockholders made an additional investment of $22,705 and Kimmy paid dividends of $21,361 in 2015.
|
Net income (loss) for 2015 |
$ |
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