Respuesta :
Answer:
a. Net income for 2019 = $55,000
b. Net loss for 2020 = -$10,000
c. Net income for 2021 = $25,000
Explanation:
a. Stockholders' equity 31-12-2019
Total assets - Total liabilities
= $400,000 - $260,000
= $140,000
Shareholder equity = $100,000
Increase in stockholders' equity = $140,000 - $100,000
= $40,000
Net loss for 2019 = Additional investment + Dividend
= $40,000 + $15,000
= $55,000
b. Stockholders' equity—31-12-2020
Total assets - Total liabilities
= $480,000 - $300,000
= $180,000
= Stockholders' equity (a) = $140,000
Increase in stockholders' equity = $180,000 - $140,000
= $40,000
Additional investment = $50,000
Net loss for 2020 = Additional investment + Dividend
$40,000 - $50,000
= -$10,000
c. Stockholders' equity—31-12-2021
Total assets - Total liabilities
= $590,000 - $400,000
= $190,000
Stockholders' equity (b) = $180,000
Increase in stockholders' equity = $190,000 - $180,000
= $10,000
Additional investment = $15,000
= $10,000 - $15,000
= -$5,000
Dividend = $30,000
Net Income for 2021 = Additional investment + Dividend
= -$5000 + $30,000
= $25,000
