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2a. What is the amount of equity on December 31, 2018 for Company B. Answer is complete and correct. Assets $ 31,980 - = Liab

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Answer #1
Statement of Shareholder's Equity
Equity, December 31, 2018 $         9,594
Add: Net Income $         1,605
Add: Stock Issuance $         1,400
$       12,599
Less: Cash Dividends $         2,000
Equity, December 31, 2019 $       10,599
Workings:
Equity, December 31, 2019 $       10,599
Add: Cash Dividends $         2,000
$       12,599
Less: Stock Issuance $         1,400
Less: Equity, December 31, 2018 $         9,594
Net Income $         1,605

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