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Toth Company had the following assets and liabilities on the dates indicated

Accounting

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Toth Company had the following assets and liabilities on the dates indicated.

December 31

Total Assets

Total Liabilities

2016 Assets $458,000 Liabilities $317,000

2017 Assets $538,000 Liabilities $367,000

2018 Assets $668,000 Liabilities $467,000

Toth began business on January 1, 2016, with an investment of $97,000 from stockholders.

From an analysis of the change in stockholders' equity during the year, compute the net income (or loss) for:

1. 2016, assuming Toth paid $17,000 in dividends for the year. Net income (loss) for 2016 

2. 2017, assuming stockholders made an additional investment of $42,000 and Toth paid no dividends in 2017. Net income (loss) for 2017 

3. 2018, assuming stockholders made an additional investment of $18,000 and Toth paid dividends of $15,000 in 2018. Net income (loss) for 2018