show your calculation of Net Income in each separate case and once you have come up with a value verify that it is correct by preparing the Statement of Retained Earnings Calculate Net Income in each separate scenario:                               Total Assets          Total Liabilities Beg

show your calculation of Net Income in each separate case and once you have come up with a value verify that it is correct by preparing the Statement of Retained Earnings

Calculate Net Income in each separate scenario:

                              Total Assets          Total Liabilities

Beg. of year              $315,000                   $132,000

End of year                $582,000                  $255,000

Co. A  No additional capital stock was issued, and no dividends were paid

Co. B  No additional capital stock was issued, but dividends of $30,000 were paid out.

Co. C Capital stock of $145,000 was issued, but no dividends were paid.

Co. D Capital stock of $45,000 was issued, and dividends of $30,000 were paid.

  Assets    =    Liabilities   + Equity

 $315,000  =    132,000     + 183,000

  582,000  =    255,000     + 327,000

Increase in equity is: $144,000