Net Income and Stockholders' Equity for Four Businesses Four different corporations, Aries, Gemini, Leo, and Pisces, show the same balance sheet data at the beginning and end of a year. These data, exclusive of the amount of stockholders' equity, are summarized as follows:   Total Assets Total Liabilities Beginning of the year $72,900   $29,200   End of the year $116,600   $49,000   On the basis of the above data and the following additional information for the year, determine the net income (or loss) of each company for the year. (Hint: First, determine the amount of increase or decrease in stockholders' equity during the year.) Aries: No additional common stock was issued, and no dividends were paid. Gemini: No additional common stock was issued, but dividends of $4,800 were paid. Leo: Additional common stock of $22,100 was issued, but no dividends were paid. Pisces: Additional common stock of $22,600 was issued, and dividends of $6,500 were paid. Enter all amounts as positive numbers: Aries:  Gemini:  Leo:  Pisces:

Net Income and Stockholders' Equity for Four Businesses Four different corporations, Cancer, Libra, Sagittarius, and Virgo, show the same balance sheet data at the beginning and end of a year. These data, exclusive of the amount of stockholders' equity, are summarized as follows: Total Assets Total Liabilities Beginning of the year $94,900 $151,800 $38,000 $63,800 End of the year On the basis of the above data and the following additional information for the year, determine the net income (or loss) of each company for the year. (Hint: First, determine the amount of increase or decrease in stockholders' equity during the year.) No additional common stock was issued, and no dividends were paid. No additional common stock was issued, but dividends of $7,500 were paid. Additional common stock of $27,800 was issued, but no dividends were paid. Additional common stock of $33,000 was issued, and dividends of $7,200 were paid. Cancer: Libra: Sagittarius: Virgo: Enter all amounts as positive…

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At the beginning of the current fiscal year, the balance sheet of Hughey Incorporated showed stockholders' equity of $519,000. During the year, liabilities increased by $23,000 to $224,000, paid-in capital increased by $38,000 to $176,000, and assets increased by $269,000. Dividends declared and paid during the year were $51,000. Required: Calculate net income or loss for the year. Note: Amounts to be deducted should be indicated with a minus sign. Beginning Changes Changes Ending Assets = 269,000 = Liabilities 23,000 + Stockholders' Equity RE PIC + 38,000 + $ 224,000+ $ 176,000 + $519,000 SE