Required information [The following information applies to the questions displayed below.] The following financial statement information is from five separate companies: Company Company Company Company Company December 31, 2016 $47,000 38,540 $36,660 25,662 $30,080 $83,660 $128,310 Assets Liabilities 16,243 57,725 December 31, 2017 Assets 50,000 36,000 24,480 91,000 43,680 138,000 109,020 Liabilities ? 16,415 During year 2017 Stock issuances Net income (loss) 6,000 1,400 9,750 (627) ? 6,500 11,540 14,385 7,818 Cash dividends 3,500 2,000 5,875 0 11,000

Required: a. What is the amount of equity on December 31, 2016 for Company A Assets Equity Liabilities $47,000 $ 38,540 $ 8,460 + 1b. What is the amount of equity on December 31, 2017 for Company A Statement of Shareholder’s Equity Equity, December 31, 2016 8,460 8,460 (580) Equity, December 31, 2017

1c. What is the amount of liabilities on December 31, 2017 for Company A. Assets Liabilities Equity + (580) $ $ 50,580 $ 50,000 + =