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What is net income for year 2017 for Company B

Required information [The following information applies to the questions displayed below.] The following financial statement
2c. What is net income for year 2017 for Company B. Statement of Shareholders Equity Equity, December 31, 2016 $ 10,998 Add:
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Answer #1

b)

Statement of Stockholders' Equity
Equity, December 31, 2016 $10998
Add: Stock issuances 1400
Add: Net income 1122
(11520+2000)= 13520
Less: Cash dividends 2000
Equity, December 31, 2017 $11520

Net income= $13520-1400-10998= $1122

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