The following financial statement information is known about five unrelated companies: Company A Company B Company C Company D Company E December 31, 2019: $106, 000 $121,000 $ 74,000 $262,000 Assets...

7b

Extracted text: The following financial statement information is known about five unrelated companies: Company A Company B Company C Company D Company E December 31, 2019: $106, 000 $121,000 $ 74,000 $262,000 Assets $168,000 92,000 Liabilities 46,000 53,000 36,000 December 31, 2020: 112,000 241,000 158,000 Assets 98,000 63,000 266,000 136, 000 Liabilities 46,000 During 2020: Owner investments Profit (loss) 26,000 (24,000) 6,600 10,600 37,600 19,600 35,000 23,500 19,600 10,150 32, 00е Owner withdrawals 7,600 -0- Required: 1. Answer the following questions about Company A: a. What was the equity on December 31, 2019? Equity


Extracted text: b. What was the equity on December 31, 2020? Equity